Allcargo - Range Breakout
in weekly chart, stock making a higher high and lower low in parallel channel.
in daily chart, price consolidating in inside bar and continuously taking support at 20 ema; and facing resistance at ema 200. Today's moved broken the resistance & hidden triangle pattern with bullish candle, which supported by volume.
Price above all key moving average.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
in daily chart, price consolidating in inside bar and continuously taking support at 20 ema; and facing resistance at ema 200. Today's moved broken the resistance & hidden triangle pattern with bullish candle, which supported by volume.
Price above all key moving average.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Note
support & resistance.
Disclaimer
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