Chemcon is consolidated between a price range, which forms a channel pattern.
Upper line is Resistance line and lower line is Support line
You can see many times the support & resistance tested as well.
In such patterns we can take positional entry at the breakout point. How to calculate the target?
I have marked resistance and support points namely A & B...
Himadri Speciality - Increased Volume on Daily Chart, crossed important huddle of 49.9 next huddle 54.5
Entry - above 54.5 (Can enter now to reduce Stop loss also but slightly risky)
Stop loss- 41.5 (Trail Stop 49.9 after 54.5 is crossed and sustained)
Trgt1 - 81
Trgt2 - 114
Duration - 1 year
All numbers are weekly based
Bussiness model : Co manufactures a wide...
Breakout of Ascending Parallel Channel at 128
Multi-Year Rounding Bottom BO on Weekly Chart at 110
Golden Cross Over on weekly charts
Highest Volume Ever
Weekly & Monthly RSI > 65