Will Tatachem reach new heights?
Reasons/Traits :
• Channel pattern breakout seen today
• Bullish since last 4 days
• Good strength in RSI and strong uptrend is seen
• Perfectly following wave analysis
• Price is making higher highs
What can happen next :
Scenario 1 : Price sustaining above 890/892 can take the price to 920/940/960 levels to complete ABCD pattern
Scenario 2 : Price breaking 892/890 levels can go back to test 0.236/0.382/0.5/0.618 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Reasons/Traits :
• Channel pattern breakout seen today
• Bullish since last 4 days
• Good strength in RSI and strong uptrend is seen
• Perfectly following wave analysis
• Price is making higher highs
What can happen next :
Scenario 1 : Price sustaining above 890/892 can take the price to 920/940/960 levels to complete ABCD pattern
Scenario 2 : Price breaking 892/890 levels can go back to test 0.236/0.382/0.5/0.618 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Comment:
Scenario 1, first two targets reached, next bounce should hit target 3
Comment:
All targets hit today
Comment:
1158 high..