Investment Plan ( My own, don't take it as a call or advice, just an Idea )
This stock is making a great pattern known as descending triangle pattern, on the weekly time frame, but here you will see how the stock went under breakdown
in May 2022, the stock got out of pattern and marked a lower low there with a bottom around 3100 levels; it retraced back.
Still, the stock made a W bottom there and came up with power and retraced back to the W bottom neckline and now coming back up at the supply node of old
descending triangle. breakout form this node can give a great upside till old All time high = 5000 levels and as per Higher low and higher high on weekly and monthly
Time frame theory looks like the stock might move higher, which can be speculated from fibo series and upside two levels can be taken as 5500 and 6000 ( near fibo levels and
round off numbers )
Good luck :D
Trade as per limits and risk managements rules, always consult professionals before taking any trades . Thanks
This stock is making a great pattern known as descending triangle pattern, on the weekly time frame, but here you will see how the stock went under breakdown
in May 2022, the stock got out of pattern and marked a lower low there with a bottom around 3100 levels; it retraced back.
Still, the stock made a W bottom there and came up with power and retraced back to the W bottom neckline and now coming back up at the supply node of old
descending triangle. breakout form this node can give a great upside till old All time high = 5000 levels and as per Higher low and higher high on weekly and monthly
Time frame theory looks like the stock might move higher, which can be speculated from fibo series and upside two levels can be taken as 5500 and 6000 ( near fibo levels and
round off numbers )
Good luck :D
Trade as per limits and risk managements rules, always consult professionals before taking any trades . Thanks
TELEGRAM link ( More charts and alerts of all stocks ) - t.me/hashtaghammer
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