Stock is consolidating from a long time - July month in descending triangle pattern. we can see price are in compression mode. we can see a good breakout in this stock unto 345 and 470
Thanks
Hi guys
I am posting this chart again with the possible Elliot wave counts and proper harmonic patterns
Stock is consolidating from a long time - July month in descending triangle pattern. we can see price are in compression mode. we can see a good breakout in this stock unto 345 and 470
Thanks
Chambal Fertiliser Weekly Chart Breakout Possiblility
Chambal Fertiliser Breakout will be possible if this Stock Closing above @291.50 on weekly chart and sustain.
:: Data Point ::
Breakout Level: @291.50
Target 1: @312.00 (Fibo 23.6% Level)
Target 2: @350.00 (Fibo 38.2% Level)
Target 3: @382.00 (Fibo 50.0% Level)
Stoploss: @260.00
It can be decline if Stoploss...
Already gave a breakout better wait for retest to confirm the potential. Personally I wont trade this as it is in middle of a channel pattern.
Please do follow me for more such trades and also check out my previous analysis.
