Break Out after 12 years WOW!! Multi Year Breakout.It's a multi-year breakout!! Price may give a pullback up to the channel's upper edge.
It's an investment opportunity for 2 to 3 years.
Volumes have been increased drastically for over 6 months.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
Always trade what you see, never trade what you feel.
ThankYou!
Multiyearbreakout
FORTIS - Multiyear Channel breakout weeklyNSE:FORTIS Levels already mentioned..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
BHEL multi year TL BO NSE:BHEL Levels already mentioned.. Good candidate for swing and investing if interested..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
Goldiam International Multi year BreakoutDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
Goldiam Monthly chart
Call it rounded bottom breakout, Inverse head and shoulders or Cup and Handle breakout fact is it registered new high after May 2006.
Add on dips 187-171 Stop loss 145
Target 1 - 185+112(handle height approx) = 297
Target 2 - 183+173(cup height approx) = 356