Descending channel, Rounding bottom formation. Weekly breakout, 280 Lies ahead.
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The stoke has given Inverted Head-N-Shoulder Pattern breakout on the weekly chart. All oscillators are in bullish bios. In Mid-Term we can expect price movement up to 365. In the near term, we can expect price movement up to 260.
* Inverted Head & Shoulder chart pattern breakout in weekly chart with extremely high volume .
The chart is educational purpose only. Do your due diligence before taking any trade.
HITECHGEAR LONG AND STRONG BULLISH VIEW CLEAR INVERSE HEAD & SHOULDER AT SUPPORT
Bullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside. Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I...
Bullish Wedge CCI(D) crosses 100 CCI(M) >100 Volume Support Target 470 / 520 / 602 SL 400 CCI never went below -100 for the cycle