Time frame - Weekly
Study - Weekly chart Analysis may be used to analyse fresh breakout and to get more clarity of reversal stocks. Here, stock is making new higher high and after breaking the down trendline, it is in consolidation and then broken the rectangle. Now if 180 is crossed then it may touch 212 very fast, with SL - 160
Entry near - 170
SL-160
target -212.5
This chart is only for educational purpose
Study - Weekly chart Analysis may be used to analyse fresh breakout and to get more clarity of reversal stocks. Here, stock is making new higher high and after breaking the down trendline, it is in consolidation and then broken the rectangle. Now if 180 is crossed then it may touch 212 very fast, with SL - 160
Entry near - 170
SL-160
target -212.5
This chart is only for educational purpose
Comment:
Nearing SL
Trade active:
Upside seen
Trade active:
Very high activity of buying seen on every fall
Comment:
Small Consolidation in rectangular format is good strength of stock. If breakout of this stock happens, then it may run upside sharply
Trade closed: stop reached