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The stock is testing 3 year old trendline and 340 is a very strong resistance level . Once breached it can fly to 385 levels.
Comment:
Updating the chart as I am also a learner and can make mistakes. The stock looks good above 2 years long resistance zone:
Comments
@uday_jare ,Hi
I am glad that you have pointed out the mistake but it could have been conveyed in a polite manner instead of being sarcastic. TradingView is a great platform for traders like us who are constantly learning in this ever changing world of stock market. I request you not to make it like the social media platforms. Hope you understand. I also appreciate @tanya151181 for her constant efforts of posting ideas on a regular basis.
I am glad that you have pointed out the mistake but it could have been conveyed in a polite manner instead of being sarcastic. TradingView is a great platform for traders like us who are constantly learning in this ever changing world of stock market. I request you not to make it like the social media platforms. Hope you understand. I also appreciate @tanya151181 for her constant efforts of posting ideas on a regular basis.
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if blue line is your trendline, then you need much study.
and what a beautiful inverted head and shoulders...!!!!!!!!!
and what a beautiful inverted head and shoulders...!!!!!!!!!
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@uday_jare, head and shoulder is in the making... Main criteria is the 2 year long resistance level
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@tanya151181, if we see into clouds very deep then its looks like face of any person,animal,etc.
as per that you see charts in wrong way. this type of patterns dont gives you good strick rate.
prefer best chart patterns.
see head and shoulders of TATA POWER on weekly timeframe ,breakout at near level 65.
I also hold gnfc from level 275.
as per that you see charts in wrong way. this type of patterns dont gives you good strick rate.
prefer best chart patterns.
see head and shoulders of TATA POWER on weekly timeframe ,breakout at near level 65.
I also hold gnfc from level 275.
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@uday_jare, you can call it a rounding bottom too... I understand that its not perfect head and shoulder pattern
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@uday_jare, please check my updated idea. Thanks for your comments - I am also learning and can make mistakes :)
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