Price action has formed a rounding bottom in daily chart and it is breaking out now. Target for this breakout is 40.5. Let us check the another rounding bottom formation in different time frame. Take the weekly chart. Yes, it is also forming a rounding bottom. It will be completed at 41 - 43 levels. If that rounding bottom breaks out without forming handle, price ...
It is been observed on the Monthly chart that the price action broke above the downward trendline after 10 years indicating a big move ahead. It is indicating buyers comeback and it shall further take the price up. Interesting thing is that fundamentally the stock is trading below its intrinsic value, which qualifies it for a good investment.
it is quite significant that this stock has given a breakout successfully on monthly chart and opened a room till 130 levels. strategy should be enter in this stock in staggered way or accumulate in range of 90-96 for a bigger target of 130+ level.
day traders can go long with 95 as sl
It is been observed on weekly chart that the price action firstly trending under a downward trendline and then breaks out of the trendline with good volumes. Now, it breaks the resistance level of 89 and now trending up in a channel and it shall reach to 95 levels.