After the Bearish Divergence the stock corrected from 1620 to 1210 and now we see a Bullish Divergence formed at the bottom of the Parallel Channel.
A Symmetric Triangle is also formed and a breakout on the upper side is very likely.
The relative strength also is turning positive again against its Index.
If all goes well the minimum targets as suggested should...
A Symmetrical Triangle pattern on weekly charts.
There has been a lot of tension around the 93 level and the volumes suggest this time it could breakout well.
This chart call is a bit pre mature awaiting a breakout, but just with a hunch that it could do well , I'm taking a risk before the breakout.
Safe investors can take it only after it closes above and...
* My favorite set up when price consolidate near 200 Day SMA and breakout any chart pattern ( In this case symmetrical triangle ) with high volume with any bullish candlestick pattern near the breakout level (In this case Bullish Marubazu) .
Kindly Let me Know if you have any questions.
breakout with heavy volumn .....
More good really will come in upcoing trading session..
If it sustain above 226 on 1hr candle then the targets as shown in charts
BUY ABOVE -226 or 227
Take trade wisely as per ur risk ...