Weekly Bullish Head and Shoulder pattern on Titagarh Wagon(TWL)
Considerable volume activity seen in last 2-3 weeks....momentum indicator RSI is also seen above 60 on weekly chart.
Also one prominent thing needs to be noted here is 59-60 is very strong resistance seen on this chart.
If crosses this neckline with good volumes then 66-70 can be seen in near future.
Also one prominent thing needs to be noted here is 59-60 is very strong resistance seen on this chart.
If crosses this neckline with good volumes then 66-70 can be seen in near future.
Trade closed: target reached:
Near term outlook is very positive.