📈 Bullish Pattern at Channel Support 🐂 📊 Pattern: Wedge/Triangle, Double Bottom & Parallel Channel. 📌 Symbol/Asset: JTL INDUSTRIES 🔍 Description: Two pattern made in daily time frame, Stock lucrative at channel support of 392. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial...
After breaking out the supply zone (244-269) it went into a consolidation of 30weeks in 24% range it broke out of it and formed another base of 3 weeks and 9% range. The stock is showing immense strength. A trend based fib is not feasible as the data is too short. So we would look for price action and strength. It is trading above all the key moving averages. ...
Happy Friendship day to all my fellow Traders! -> As already Explained from chart JTL INDUSTRIES has given a remarkable symmetrical tringle breakout. -> Since 8 months It was in consolidation phase forming a beautiful tringle pattern. -> After successful breakout it has retraced back to its breakout point multiple times and started accumulating, Then again in a...