Accelya is a software solutions provider to global airline and travel industry, the sector that is booming more than ever. The stock looks good to attain a mid term target of 2750, also the 1.618 Fibonacci level, visible on the chart. In addition, a cup and handle (C&H) is under formation since Feb 2017 which has a target of 3000+. In any case, a 60% jump is...
In the Daily timeframe, this less known mid-cap Technology stock NSE:ACCELYA is showing confluence of multiple bullish chart pattens.
A beautiful rounding bottom formation happened over last 4 months.
Followed by a breakout with very high volume on 15th Jan.
Followed by consolidation and re-test of 1750 level.
During this consolidation between 15th...