Possible Channel pattern breakout in Devyani.
Stock is at important Supply zone, today we can see a breakout candle which is also supported by decent Volume.
Stock has a potential to reach 250 range
(Channel Breakout pattern)
Stock has to close above 200 (Psychological price level) as well as today's High. If the follow up of candle close above these level, then we can see bullish rally in the coming days.
Stock has made its all time high Today.
187 will the SL for Risk averse and 170 for Risk takers.
Overall analysis is given in the chart
This is just a view, not recommendation to trade. Do your own analysis before taking any trade.
Share your opinion in the comment section.
DEVYANI
Stock is at important Supply zone, today we can see a breakout candle which is also supported by decent Volume.
Stock has a potential to reach 250 range
(Channel Breakout pattern)
Stock has to close above 200 (Psychological price level) as well as today's High. If the follow up of candle close above these level, then we can see bullish rally in the coming days.
Stock has made its all time high Today.
187 will the SL for Risk averse and 170 for Risk takers.
Overall analysis is given in the chart
This is just a view, not recommendation to trade. Do your own analysis before taking any trade.
Share your opinion in the comment section.
DEVYANI