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
Trade active: Breakout activated. Looking forward for a good rally.
Comment: It did close above 465 levels, now it confirms a breakout above resistance levels. It shall rally up in coming days. Regards
Trade active
Trade active: Keep holding, a big move is on the way. Regards
Trade closed: target reached: Target 1 and Target 2 reached successfully. Regards
Considering getting back in if comes to break out levels?
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@Siddhanth, I believe breakout above 480 levels will be a good enter for Target 500 levels. Regards
Awesome call neetesh, better than entry was the exit timing... Keep up and weare learning along.
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@Siddhanth, Thanks mate, Regards
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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Completely agree !! any time now !!
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