MIC Electronics Ltd - Breakout Setup, Move is ON...#MICEL trading above Resistance of 82
Next Resistance is at 110
Support is at 55
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Technalanalysis
Tata Motors Can go LongAs seen in the chart Minute Wave C is completed, which completes the Minor Wave 4. So, one can expect the Start of Minor Wave 5,
Minutte Wave 1, is formed as Leading Diagonal Wave 3 can be go up. As seen in the whole Auto Sector is in rally one can expect 20% up move.
If the price broke the Invalid level then it needs to recount.
Note - before taking trade please do your own Research above shared views are for educational purpose.
Stair Steps Pattern | ULTRACEMCO 🎯The stair steps pattern overview
The stair steps pattern forms along with the trend .It shows an uptrend where the price rises and falls abruptly. The graph reminds the stairs, thus a name of the pattern
In the uptrend, you may notice long consecutive bullish candles. Then, the price adjustment takes place and the cycle starts all over again. The price correction areas create new levels of resistance which soon will be broken again so the uptrend continues.
Best of luck!