Mothersumi - Will it break the upper channel?

231 6
It has been observed from Jan 2017 price action is moving inside the upward channel. As the price is trending up, the volume seems to be reducing. Now the price is at the upper side of the channel. Will the price move up breaking the channel or it will move towards the lower side of the channel? Experts please comment.
Join me in telegram to learn & earn. I also post my trades there.
MS System:Lower volume means It is accumulation stage and will breakout to 450 -500
@dinsha, Thank you for sharing your view. Lets see what happens with the price in future.
Breakout looks slightly difficult if we go as per the volumes on the counter.
But then Stock market is currently on the mercy of the horns of a bull. So, any level could be rammed.

Let's see how price action plays out !!
vanathi Shashi_Y
@Shashi_Y, I agree.
vanathi prashanttejura
@prashanttejura, Thank you for sharing your view.
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out