Rounding bottom BO with volumes . It can double up if maintained above 418. I am not Sebi registered. This is for analysis purpose only.
After consolidating in the rectangle AXTEL is going for breakout with a target of 472 and SL 369
Levels mentioned on chart. SL based on daily closing. Low volume stock. Adjust position size accordingly.
BSE:AXTEL Weekly chart flag and pole Entry -cmp Sl- below flag bottom line t1- flag upper line ( RSI divergence) t2- pole length favorable R:R
Box pattern, consolidation
AXTEL Ready for uprun Symmetrical Triangle BO RSI Moving up buy between 310 325 SL 285 T 340, 355, 400
Looks good on weekly . can go higher levels in this small/mid cap run.
Support will be found at around 118, the stock has potential to move up to 200 or more under bullish momentum
Having closed above 2/1 ascending angle on closing basis recently, of late the stock is showing consolidation above the support. The stock may start moving anytime with support at 117, the target would be 185, intermediate term
Axtel Ind - Short term look good
As per my wave analysis..