Balaji Amines- Weekly Chart
Hi All,
I am a newbie to investing and trading who started only a few month back, so please feel free to share your suggestions and correct me in my analysis of the above.
So, here we can see a clear double bottom formation in progress on the weekly charts.
The price has been falling for a few months with low volumes and the rounding has followed a similar pattern to the previous bottom. If we take a time wise approach also it shows a similar pattern. So if price sustains above the resistance and bounces back we can expect a target of Rs. 3,886 around Feb end.
Please add in your valuable suggestions.
Hi All,
I am a newbie to investing and trading who started only a few month back, so please feel free to share your suggestions and correct me in my analysis of the above.
So, here we can see a clear double bottom formation in progress on the weekly charts.
The price has been falling for a few months with low volumes and the rounding has followed a similar pattern to the previous bottom. If we take a time wise approach also it shows a similar pattern. So if price sustains above the resistance and bounces back we can expect a target of Rs. 3,886 around Feb end.
Please add in your valuable suggestions.