BREAK OUT POSSIBLE ABOVE 318 WE CAN SEE FAST MOVE OF 335.... 298
BAT pattern is in the making as shown in the chart.....we can play the CD leg with target as the D point....excellent risk-reward ratio..
Making double bottoms , supported by volume to an achievable targets 450-470. Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
It is in long term uptrend. In daily, it broke out of descending channel with good volume, also price closed above upper bb and bb is expanding and reversing . In weekly, hidden bullish divergence is seen. also price has reversed from horizontal support zone. with sl - 512, tgt - 640.
Stock currently trading at CMP 600; stop 585 target 650 . Holding trend line support.
Looks like Fed Mogul is in the range bound channel setup from 4 months and the trades tightly coupled. Is it getting ready for big move? Kindly advice