SMS LIFESCIENCES- Trading with Ascending Scallop

The chart pattern looks like the letter "J" with two peaks and a rounded valley in between and a higher peak. Scallop tend to be wider near the start of a price trend than near the end. A close above the highest high signals an upwards breakout. Targets on the chart. A high of 750 to 800 may be achieved in near future.


Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.

Trade closed: target reached:

Both targets achieved on 22 Oct 2020