ATGL is forming Pennant pattern in weekly time frame and super trend is showing bullish trend.
Pennant pattern is bullish trend continuation pattern and if the price closes above the pattern, then the bullish trend continues.
Using Fibonacci retracement tool, we can set Target 1 at 1254.4 and target 2 at 1707.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Pennant pattern is bullish trend continuation pattern and if the price closes above the pattern, then the bullish trend continues.
Using Fibonacci retracement tool, we can set Target 1 at 1254.4 and target 2 at 1707.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Comment:
The price is still in the pattern formation. Waiting for BO to initiate the trade.