GSFC- TRENDLINE BREAKOUT PENDING

Nov 30, 2024

The Rounding bottom breakout target is achieved at 250. AFter that it gave a false breakout and starting falling down. within the bigger parallel channel, a smaller parallel channel is going on. whenever the price touches the bottom of smaller parallel channel, the price went up immediately as u can see in the circled area. now the recent upmove is again because of the price touching the parallel channel bottom only. the breakout is not done yet, after breakout, the price will reach to the resistance at 250 and then it will retrace to the trendline breakout which will also be the parallel channel bottom and then a good upmove will be created to break the resistance of 250 and then to the target of 315 and. inbetween the bigger parallel channel top is there which will act as a restistance. so the targets may get delayed.