Hello Traders, i have brought another analysis on a pattern breakout which called (Rising Channel Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this type of Rising channel pattern next time, So at least you guy's will be able to trade. So Let's start.
Q:- What...
GABRIEL is showing Cup and Handle breakout with good amount of Volume. The fundamental is also very nice. Wait to buy at lower level 210-215.
CMP : 227
TG : 350
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout .
2: Support : Volume , Delivery & VWAP. ( To view this, click sedg.in )
3: Technical : 9/21/55/200-EMA, RS>0,...
NSE:GABRIEL
Cup & Handle BO in weekly charts
BO level of 152 being retested.
CMP being supported by short term moving averages
Momentum in tact as RSI > 50
CMP : 150
Tgt : 181 - 208 - 260
upside : 70% as per pattern target
SL : 130
Time frame : 3 - 12 Months
Chart -> Gabriel Weekly
Stock has given a breakout from 3 times resistance with volume confirmation.
CMP: 182
Target: 222
Good to add: Around 170
SL: 150 Weekly Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
