I see a Cup and Handle Pattern is formation.
Uptrend Continuation Pattern.
Initial target is the cup resistance.
We can review it again once that resistance is broken.
where do bajaj finance go first ? What do you think ?
1. Bearish H&S is forming break below neckline. it will fall.
2. It will rise from Support zone.
3. It is forming a continuation pattern, it will rise after breakout above trendline.
4. it is making a bearish pattern descending triangle, it will fall.
Please do comment your answer.
my vote goes 2...
Hello all,
I am here again with one more strong stock. The purpose is not to give you any call but to make you learn how to analyze a stock:)
The stock after giving a good uprun, went into correction mode. Interestingly, it formed a rounding bottom during this price as well as time correction. The volumes as you can see were almost dead during the declining...
NSE:GLENMARK has upside to witness further after it broke all time high.
The 45MIN chart here shows support area to which it will test its fall and reverse from the "Box of Price Reversal"
