CHART IS CREATE Bearish FLAG PATTERN
AS PER THIS PATTERN BREAKOUT IS BELOW 530-546
AFTER BREAKOUT KEEP STOP-LOSS OF 483
TARGET SEEN 470, 454...
DISSIMILAR :-- ONLY SHARING MY VIEWS DONT TRADE WITHOUT YOUR OWN ANALYSIS...
The stock has been playing into a rectangle from last 4 months, several attempts have been made to breakout but didn’t succeed. The prices are close to support as long as it don’t breakout of the range it’s worth waiting for it. Have a look at the RSI, it also meanders between 60-40 levels in a zone indicating total sideways action.