Rachit_Sethia

#PHILIPCARB CMP 242.50 #Target 296 #ModiSpeech #AAPL #MSFT #TCS

Long
NSE:PHILIPCARB   PHILLIPS CARBON BL
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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With 💚 from Rachit Sethia

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