BCPL Railway Infrastructure Ltd - Continuation Wedge (Bullish)
Updated
A "Continuation Wedge (Bullish)" chart pattern has emerged on the BCPL Railway Infrastructure Ltd (BSE) stock.
This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00.
This pattern took shape over a span of 33 days, roughly aligning with the anticipated time frame for the stock to reach the projected price range.
These observations are based on established principles of technical analysis.
PLEASE NOTE THAT:
This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00.
This pattern took shape over a span of 33 days, roughly aligning with the anticipated time frame for the stock to reach the projected price range.
These observations are based on established principles of technical analysis.
PLEASE NOTE THAT:
- This chart analysis is only for reference purpose.
- This is not buying or selling recommendations.
- I am not SEBI registered.
- Please consult your financial advisor before taking any trade.
Trade closed: target reached
On 23rd OCT target closed.Trade closed: target reached
This pattern, suggesting a potential upward movement, implies that the stock, currently closing at 58.26, might experience an increase in the range of 75.00 to 79.00. --- apart from educational target, this target also hit today!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.