BNF forming a cup and handle pattern on chart. Good bullish sign.
But there are also major resistance nearby. So need to see those as well.
If holds for some time near resistance than can give good bullish move.
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
But there are also major resistance nearby. So need to see those as well.
If holds for some time near resistance than can give good bullish move.
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Comment:
Forming good setup for a breakout. Holding and consolidating near the support and trendline conjunction. Also holding above important psy level 41500