SANDHAR - Weekly Chart Analysis
It's Thursday when i am posting this and week is around the corner.
This counter is showing strength after coming out of a base (Probable-Stage1) rallied and formed another base of 7 weeks in 13%range. breaking out of it and forming another small consolidation 3weeks.
It is currently at the supply zone. so initial target would be 451.30 which is an all time high and next level as per the trend based fib is 525.
This view stands invalid if it closes below 370 and sustains on a weekly closing basis.
Disclaimer: I have entered today at 408.80 levels. This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
This counter is showing strength after coming out of a base (Probable-Stage1) rallied and formed another base of 7 weeks in 13%range. breaking out of it and forming another small consolidation 3weeks.
It is currently at the supply zone. so initial target would be 451.30 which is an all time high and next level as per the trend based fib is 525.
This view stands invalid if it closes below 370 and sustains on a weekly closing basis.
Disclaimer: I have entered today at 408.80 levels. This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Disclaimer
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