Two Multi-Year Breakout AnalysisTwo Multi-Year Breakout Analysis from same sector with same pattern and strong momentum. JK tyres Apollo tyres
Strongmomentum
after a downtrend amz has shown good momentum for upside tgt and sl are indictated.
1st tgt can be 81 for safe traders but thats the least ir can go
90 and 95 are other targets
trail your stoploss using Fibonacci or pivots
Strong Momentum in MCXThis is one of my favourite stock.
Finally it have gave breakout from a long consolidation phase in a falling wedge price action pattern.
This pattern have took 1 yr and gave breakout.
Momentum looks very strong as it also has a seen hugh volumes that haven't came for almost a yr now(last time on 14th sep).
Let's see how much time it takes to test it's all time high.
This post is for information purpose only.
