in downtrend volume decreasing continuously. when narrow wedge pattern will come after taking support on upper support area of narrow wedge breakout. stock will perform well. target is equal to pole of the flag.also its taking support at 61.8 Fibonacci level.
we can see a triangle forming, direction of the breakout is not confirmed yet, this chart only shows the possible outcome of a bullish breakout.
The green box is the demand zone.
BUY : 45
TARGET : 89 TO 109
Reason For Buying This Script :
In this script it forming triangle pattern & Elliott wave in monthly time frame. But still triangle pattern is not broken. Aggressive trader can take the trade before the breakout or else wait for breakout.
Don't miss this 105% profit opportunity.
Note :
Above given levels are based on...
SNOWMAN Long
Taking support at trendline
Wait for 1 more positive closing
Buy above- 55
SL- 51.5
Target- 59, 64, 69
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Snowman Logistics has been trapped in a triangle pattern and almost now going to have its breakout, so give an entry with appropriate Stop loss after the breakout
Aggressive traders enter at the breakout and conservative traders may give entry after retracement
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single...
