Downtrend seems to be axed and in the past also it seems to have respected the trend ...
Challenging Ranges -1 : Rs. 220-Rs. 230/- (Wait for it to cross)
Challenging Ranges -1 : Rs. 270-Rs. 280/-
Final Range : Rs. 370-380
Acceptance Range : Rs. 180 if broken then 150
Goodness is the only investment that never fails.
In monthly, price took support at long term support , also trend line resistance broken here
in weekly, regular bullish divergence formed here. also price started pushing upper BB upwards with high volume
with a sl - 133, 1st tgt - 193, 2nd tgt - 240 3rd tgt - 300
The demand line of the descending triangle is broken. Descending triangle is also a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend like this one, but they are typically continuation patterns. Regardless of where...