Wedge breakout. Enter above 771 T1 : 789.00 T2 : 816 CBSL : 763
Pls see the chart. Wedge pattern breakout given on the chart for that target 1&2 given. Double bottom will confirm, when it breaks the 913 levls for that target given on the chart. Weekly MACD cut and daily MACD crossover helps to reach the target and weekly low RSI and CCI helps to reach the mid term target. Vijayaraghavan Kovilpatti.
Pls see above chart. MACD crossover also helps to reach the target Vijayaraghavan, Kovilpatti.
Adani power may move upto target(shown in graph). Wedge pattern breakout done already. Descending channel breakout may happen upcoming days. Both pattern shows same target only. Vijayaraghavan, Kovilpatti
retesing at 40-43,if price sustain at 40-43 we can see 47,51
With Good fundamentals, impressive results and robust order book growth of 75%(9-month YoY). This falling wedge(approx) WITH converging MACD looks like a sound bet to go long in the near term.
Scrip has formed a classical bullish wedge formation and the break out of the wedge is also supported with volumes Low risk entry for indicated targets . Seems to be a good trade !
Tata Power at Long Term Breakout from falling wedge pattern. Though it has fallen from upper edge quite a few times, This time it seems to have broken out.