Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR 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.
Stock price forming rounding bottom pattern of 5 years, volumes are seen increasing with price from last few months but financial of the company are still weak. A weekly or monthly close above 50 is the trigger for entry
On the weekly charts look at the similarity of breakouts:
- A trendline breakout as well as
- A Range breakout
The targets work out to be close to 55 levels based on past data.
Will it respect the past and oblige ? Just 6 weeks to know