this is a unique channel pattern where price break downside comes with power so it is a sign that it wants to follow the channel pattern. there are two entries possible - 1. at bottom of the channel pattern -SL below the channel 2. after the breakout of the channel -SL- low of breakout candle HAPPY TRADING
This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
KUANTUM is in parallel channel since bringing, once it is able to successfully cross and close above 92-96 zone expect move until upper end of the channel
GOOD RSI SUPPORT, VOLUME BREAKOUT, CHANNEL Pattern, good consolidation, stop loss at 85, will move up by 15-20 %
This scrip is choosen for short term pick as it has given breakout and expected to move further. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all.
All scripts posted here are only for study purpose do your analysis before taking any positions
NSE:KUANTUM Moving up in Parallel Channel. Testing Support, making higher highs and higher bottoms. International Paper prices rising & a good Q4 result can support the up-move. Target : 75-81-94 Support : 63 SL : 59 Risk:Reward - 1:4 RSI : Monthly & Weekly above 55 Trading above 50 SMA
KUANTUM PAPERS LTD SHARE NEAR BUYING ZONE
Is this a valid BO? Answer:No (in my opinion)