RML Symmetrical Triangle pattern formNSE:RML BSE:RML
Time Frame – Weekly
Observations :-
* Symmetrical Triangle pattern form
* Pattern Breakout above 455-460 range
* Good consolidation was seen in 345-425 range. Now range BO done
* Volume increase seen
Resistance – 490 / 570 / 700 / 760 / 830 / 1050
Support – 345-400 zone & Weekly 200 SMA
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
RML trade ideas
nice time to add! for a target of 461. resistance is 378!Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
if closes above 455 today, then can shoot up to 498!Could be a multibagger in long term!keep an eye!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.