Daily Chart #PHILIPCARB NSE: PHILIPCARB CMP 242.50 Target : 296 SL 222 RR Ratio > 2.5 Time Frame < 60 D
ITS A BULL MARKET RALLY. Bullish on whole INDIA! Corrections followed by another high!
Factors: Inverted Head & Shoulder Pattern Forming Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming.
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