PrasantaP

Chart Of the Week !! 14 March 2021 !!

Long
NSE:THERMAX   THERMAX
* Two chart pattern completing at the same time ( Cup & Handle and Rectangle ) in Monthly time frame High conviction set up . Just before the breakout of C & H pattern made a rectangle pattern also .That very much convincing the reliability of breakout .
*Price has also trading all the important moving averages.
*If we look at the volume part, significant volume activity is witnessed at the time of breakout.
*Considering all technical evidences we may see good up move in Thermax Limited .
*Time period - 06 to 12 Months Target of 3000.00

Kindly Let us know if you have any question.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.