KHADIM
KHADIM
Time Frame – Weekly
Observations: -
* Price trading in two channel pattern
* One channel pattern breakout above 320
* After breakout price will try to touch the bigger rising channel pattern upper trendline resistance.
* Symmetrical triangle pattern breakout possible in this week and month
* High volume activity seen
* Check monthly charts for more clarity longer term trend
Resistance – 405 / 475 / 570 / 650 / 862.70
Support – 260-235 zone
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Comment:
Ignore the trendline on RSI. by mistake came.