Hello Folks First of all Sorry for not posting anything.
Now I am back and I will be back with a bang.
Let's begin then.
I have shared this chart when it was trying to break out from a W Pattern.
Not what has happened is it broke and it came perfectly back to its breakout level.
A perfect example of resistance turning into support
More interestingly downward...
Stock price gave a break out of 450 levels and now it is in consolidation and forming a flag and pole pattern. Break out with volumes can give a good up move and positional long position can be taken with targets as shown by horizontal lines in the chart. Trade with proper risk management.
NSE:CARERATING Can move towards 550/585/600++
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose......
Care Rating has given a breakout from resistance level of 451-471 on good volumes after consolidating for more than 26 weeks. It is week below 450. Target is 715, 877.
Disclaimer: I am not a SEBI registered Analyst. This is only for educational purpose.
This stock is very interesting for me. Why? Let me explain
Let's start with monthly chart.
Last time it touched 200 level it bounced back like anything and again it touched level of 200 and this time also it failed to break those level and more interestingly it created a W pattern with Double bottom in longer term as well.
Let's look at weekly chart now.
A...
we gave this call in our tradingview ideas also.
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![CARERATING: [Basket] Care Ratings Bullish Flag Pattern](https://s3.tradingview.com/z/zEqhQt4L_mid.png "[Basket] Care Ratings Bullish Flag Pattern")
