Bayers Cropsciences hasn't touched its top since 2020. Now, after a long time and the pattern formation of a downward channel, you can also make it a flag and pole pattern that can be visible. The stock has given a breakout and corrected last month near the trendline above. So, it is clearly showing a solid commencement of a new uptrend.
Bayer CropScience is in a channel and can see more downside in coming month.
Its a Three drives pattern and if it follows then the Long target is 6794
On downside 3800 seems possible target.
Support and resistance are marked on chart.
Time Frame :- 1 Hour
Symbol Name :- Bayercrop
Comment Below If You want to ask me questions on this on any other idea .
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
BTW Like and Follow if you like this awesome content
My Next pick is BayerCrop. This trend lines suggest an entry at the mentioned level for an ample returns, Looking forward :).
Note: This is only for Educational purpose and not an advise or call for an entry.
TECHNICAL ANALYSIS OF NSE:BAYERCROP
The LAST CLOSE PRICE of NSE: BAYERCROP is 6018 . The PARABOLIC SAR is showing the UPWARD SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 5893.35. From here, the Key Support and Resistance levels are SUPPORT 1 at...