It is been observed on Daily Chart that the price action breaking out from a downward trending channel consolidation, indication of a bullish move ahead.
Target 1: 171
Target 2: 175
Stoploss: 164
It is been observed on the Hourly Chart that the price action forms a U shape Cup and a channel shape "Handle" in order to complete the a cup-handle pattern. Measurement is the interesting part of it as it is been respected accurately.
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It is been observed that the price action breaks above the new resistance level , now it shall further move up to 162 levels and above.
Target: 161
Stoploss: 155
It is been observed on the daily chart that the price action first got into range and then breaks and closes above the range indicated bullish move. And now, the price action breaks above the prevailing long big trendline, indicating buyers in action and control over prices. It shall further move up from the current levels.
Target 1: 150
Target 2: 153
Stoploss: 144
It is been observed on the daily chart that the price action completes a bullish Cypher Pattern by reching 78.6% retracement level of (X-C) indicating a bullish move ahead.
Target: 158
Target: 160
Stoploss: 148
It is been observed that the price action firstly broke from a symmetrical triangle on daily chart, indicated bearishness in the price action. Now, the price action breaking new support levels and forming lower lows, again indicating further bearishness ahead.
Target: 160
Stoploss: 175
The price action that was trading in a downward trendline has now finally breaks out from the downward trending line, indicating high buying pressure and bullishness.
Target: 197-200
Stoploss: 175
McLeod Russel India Ltd. engages in the business of cultivation, manufacturing, and sale of tea. It operates through the following geographical segments: India, Vietnam, Uganda, Rwanda, UK, and Others. The company was founded on May 5, 1998 and is headquartered in Kolkata, India.
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