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It is been observed on the the Daily and Weekly chart that the price action is consolidating for past 10 weeks continuously within a rectangular or sideway channel. Now, it has finally broken above the the channel and shall further move up to new highs if it closes above 465 levels.
Target 1: 480
Target 2: 490
Stoploss: 455
Target 1: 480
Target 2: 490
Stoploss: 455
May 05
Trade active:
Breakout activated. Looking forward for a good rally.
May 05
Comment:
It did close above 465 levels, now it confirms a breakout above resistance levels. It shall rally up in coming days. Regards
May 07
Trade active
May 09
Trade active:
Keep holding, a big move is on the way. Regards
May 09
Trade closed: target reached:
Target 1 and Target 2 reached successfully. Regards
Related Ideas
Comments
@Siddhanth, I believe breakout above 480 levels will be a good enter for Target 500 levels. Regards
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Awesome call neetesh, better than entry was the exit timing... Keep up and weare learning along.
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Hi Nithesh ji... You are very good with harmonics... can you please provide your analysis on jubilant food. Its forming some bat pattern. Please Suggest some entry and exit levels. TIA
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@Konvict, Share the chart and your analysis in order to guide you the best. Regards
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Neetesh sir...... Please tell how did you decide or come to conclusion for the target of 490 ?
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@ankitkuec, Elliott Waves, Price Action and Fibonacci's, a confluence estimation. Regards
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