#Artefact – 17Y Pattern in Play | Big Base Forming?🔎 #OnRadar
📌 #Artefact (Artefact Projects Ltd.)
CMP: 74.06
📈 Technical Outlook (Yearly Chart):
Stock has been consolidating within a large #MotherBar formed in 2008, with a range of 255.25 – 21.05.
Currently displaying a classic #RoundingBottom formation on the yearly timeframe — a long-term bullish pattern indicating accumulation.
🎯 Potential Upside Levels (Post Breakout):
Rounding Bottom Target: 255 (approx.)
MotherBar Breakout Targets (on closing basis above ₹255.25): 370 / 480+
📌 Note:
This is a technical observation and not a recommendation. Please consult your financial advisor before making any investment decisions.
#LongTerm | #TechnicalPatterns | #MotherBar | #RoundingBottom | #ChartAnalysis
Motherbar
Target 1 and 2 achieved in Ambujacem | 8% mover This idea is a follow-up to Ambujacem
You can check the Link to Related Ideas ( Detailed analysis done in 15th Aug Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
Silver Price action and RSI study Silver Making multiple supportive nodes -> 1) Making it weak 2) Might take support to ( thus making it a tradable area )
Learning Pointers
>> Pattern here is Descending triangle
>> Time frame here is Weekly
>> Candle position -> Mother bar : Inside bars on multiple weeks
>> Rsi telling about Divergence of price and relative strength ( Rsi making higher lows, meaning it is bullish )
>> Price making same lows
>> Price taking rest at 150dema, can combine itself with 200dema too in near future on W charts