View: Long Term Bullish
BRNL:31 January 2022
Pattern: Double Cure
Support of Double curve pattern 26 -28.
BRNL moved up with Trendline as a support
Strong Breakout at 41.55 - 44.15
Accumulate between 41.55 to 43.70 or buy > = 45.
Stop loss not more than 4% for Long term Investment.
Long - Term Target (By July 2024) : 53 - 55 - 60...
A parallel channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line.
The upper trend line marks resistance and the lower trend line marks support.
Channel Line: The line drawn parallel to the main trend line is called the channel line.
A key concept of technical analysis is that when a resistance or support level is...