Priya_Kanmani

Priya_Kanmani

The stock has broken from its 3 years resistance line and also from ascending Continuation triangle.

Priya_Kanmani

The stock was respecting the trendline since MAR 2018.Now,it forms a symmentrical triangle pattern with low volume,which may break soon on either side.

Priya_Kanmani

Wait for the confirmation through break of neckline. Downward sloping confirmation line (neckline) is a stronger head and shoulders pattern. Can expect down rally upto channel support line.

Priya_Kanmani

The stock moves in a parallel channel for a considerable period of time. Now, it starts to bounce from channel support and 50 EMA in weekly Time Frame. Flag Pattern also visible.

Priya_Kanmani

Gail Forms a bearish divergence on weekly time frame.Lets observe this stock.