Tarsons breaking the resistanceTarsons has been in the down trend since a long time and in the downward channel. It showed signs of up move earlier but didn't sustain and on the downward continuation it has formed a pattern such that it has crossed the upper channel line after the retracement. So it's possibly on the verge of starting it's move north. Overall market conditions to keep in mind and also the support line will now be the red line from the chart.
I am looking it's levels of 503-554-608-680 after which I can expect some retracement from there. Only possible if current move decisively crossed the levels of 474.
Support which I am looking for this is 445-419. Volume is key factor to reach those levels.
No recommendations, Just my view based on the chart pattern.
TARSONS
Completion of WXYXZ or NOT?NSE:TARSONS
Tarsons product LTD is proxy player to healthcare industry. Tarsons is a manufacturer of scientific and laboratory plastic ware and safety products.
Stock went into Triple Three complex correction just after IPO and I think that stock completed it's course of complex correction and now ready to move up but for more safety one should invest above 524/- as you can see stock gave breakout above bearish trend line and right now it's retesting the trend line to see if price sustain the support or not if trendline give support stock will surely make Higher High above 524/-.
Target is 30% above from Entry Point.
TARSONSTARSONS:- wait for the breakout of the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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Thanks,
Ajay.
keep learning and keep earning.