Stock trying to breakout of rounding pattern of 14 years. RS positive on daily basis.
(i) Ascending tringle breakout (ii) Near Rounding pattern breakout after 18 years Resistance. (iii) Idea is here any one considered on current price for first target to 400 and maintained SL Rs.260. (iv) Stock approaching RS positive on daily chart (v) RSI in DWM is above 60 which is shows stock is Bullish. Volumes are high. (iv) According to my understanding...
1. Stock has given Inverse Head & Shoulder (IH&S) Breakout after 8.5 year in the month of May 2024 at level of 80 with huge volume. Thereafter stock has retest the breakout and reverse from there and made new High. Clear breakout on seen on Monthly Chart. 2. Stock is positive on RS and H/M parameter. 3. Keep Stoploss of 82 and ride to pattern target of...