TVS seems to be forming a flag pattern on a monthly level. It might test the lower TL once or twice before giving a BO. Also fib level 0.23 is being respected on lower supports. Note: This is just my view and not for trading by anyone. Please consult a SEBI registered advisor before trading.
Was going through the charts and spotted this. To all the gurus out there, can this be considered as a possible breakout opportunity?
I have been studying stocks for the past couple of months (6 months) to be precise, and have been learning different types of chart techniques. Have been looking at the Asian Paints stock for study purposes and this is something that caught my eye. If we consider the uptrend that the stock has been doing and, look at the short term downtrend, can this be...