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
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Breakout activated. Looking forward for a good rally.
Comment
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It did close above 465 levels, now it confirms a breakout above resistance levels. It shall rally up in coming days. Regards
Trade active
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Trade active
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Keep holding, a big move is on the way. Regards
Trade closed: target reached
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Target 1 and Target 2 reached successfully. 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
NeeteshJain
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@Konvict, Share the chart and your analysis in order to guide you the best. Regards
ankitkuec
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Neetesh sir...... Please tell how did you decide or come to conclusion for the target of 490 ?
NeeteshJain
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@ankitkuec, Elliott Waves, Price Action and Fibonacci's, a confluence estimation. Regards