Break outAfter Breakout above 77 it went up to 97 and started consolidation. During panic selling on 21st and 22nd December retested its earlier breakout level and reversed sharply.
Bullish reversal hammer formation on daily chart on 22nd December. On weekly basis made hammer. Next week candle closed above previous week candle head. Looking this this move can go up to 115-116 in short term.
ABCAPITAL trade ideas
[Short Term] Expected good uptrend in ABCAPITAL after breakoutThis stock recovered till its pre-covid levels in the uptrend channel. Now it reached near its previous resistance level. Expected break out of this resistance in upcoming trading sessions. After this breakout, it can move the immediate target of 150 and then 205+ for the short term.
[Short Term] Expected good uptrend in ABCAPITAL after breakoutThis stock recovered till its pre-covid levels in the uptrend channel. Now it reached near its previous resistance level. Expected break out of this resistance in upcoming trading sessions. After this breakout, it can move the immediate target of 150 and then 205+ for the short term.