Alkali metals broke double bottom neckline and crossed above 200 DMA
The stock is giving a good break out from a triangle pattern, however can it sustain by close? Let's see!
The stock seems to be breaking out from a good resistance zone, can the stock sustain till close this break out? Let's see!
Round bottom is formed here in weekly time frame, confirmed by breakout with good volume, recently price retested the breakout level and reversed to resume its uptrend. also hidden bullish divergence seen in weekly sl - 61, tgt - 100-110 range
Long. CMP 72. SL 66 TGT 82. Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
BSE:ALKALI scrip is moving in a triangular pattern and have given a trend-line break out MACD turning green too! Go Long for 100!
weekly close above 87 will bring nice move for 107+
The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern forming in the weekly chart indicates this script is turning from bearish to bullish. When buyers enter the market at a low price, it increases the demand for the stock. Once the rounding bottom is complete, the stock breaks...