THE STOCK HAS GIVEN A VERY BULLISH CUP AND HANDLE PATTERN BREAKOUT ON DAILY TIME FRAME
THERE IS A SPIKE IN THE VOLUME
BEST BUY WOULD BE AROUND 63 TO 66 LVL AS STOCK MIGHT COME TO RETEST PREVIOUS RESISTANCE
Double Bullish Pattern. After forming a CUP the handle is formed in an Ascending Triangle which after breaking the 63.70 resistance will reach the PT of 75.
Buy at 64 book profit at 74.
heiken ashi trend given buy single, the price corrected from 65 to 55 and its looking for resistance @85rs so in my views it may go up to100rs but in short term minimum 85rs, and they have very attractive results
SCI after a uptrend with a fifth wave extension. was moved to a correction. the correction also has a Neo wave bow and tie pattern after which there was a sharp fall which can complete wave C. can SCI revere from this correction we need to wait until to get the confirmation.
Price is printing in bull flag pattern with increased volume. Break out flag with adequate volume may print the price near 69. Entry at near 60, put SL 53.95
The stock has been in an uptrend for a while now. The red lines in the chart are Action-Reaction Lines. Notice how these lines have acted as support / resistance. Next destination could be the top red line at 87.50-ish.
But, for patient investors, this stock could deliver more is my guess.
It is been observed that the price action is correcting in Wave 4 and once the price action breaks above 78-80 levels then it shall begin with its WAVE 5 to achieve 110-115 target price levels.
