NSE:BANKBARODA Weekly Breakout from Rising Parallel Channel CMP trading above all major Weekly Exponential Moving Avgs and taking Support and bouncing RSI in Bullish Zone Tgt: 155 - 171 - 190 - 224 SL : 125 Upside Potential : 50% Time Frame : 3 - 12 Months
As you can see ascending channel already broken now just need to wait to let it break the level of 994 we expect a good fall.
Stock movement has formed a rising channel on daily chart. However, Stock is overbought on monthly chart. Thus, stock will sluggishly move up with limited upside
An ascending channel is a chart pattern formed from two upward trend lines drawn above and below a price representing resistance and support levels The ascending channel is also known as a “rising channel” and “channel up“. The lower line is identified first, as running along with the lows: it defines the trend line. The upper line (the “channel line”) is...