Ascending Channel Pattern,
The Ticker is moving in this channel and is forming a strong Support level.
It is currently at the Support level (which makes it a perfect Buy),
the 1st Target is 1,735.
It is Consolidating at EMA 45 and now will shoot up.
MACD is giving a BUY Signal.
Empower yourself by Understanding the Technicals behind the trade and then...
Ascending Channel (this can be seen using SMA 180, Ticker is trending above it).
It is showing a Strong Support level.
The Ticker, currently is forming a smaller channel (like it did on 12 Apr - 2 June).
According to my analysis,
It will hit 139 in a 2 day period and
will hit 1640 after breaking the current Resistance.
We can also observe the Ticker now...
Ascending Channel Pattern,
A Strong Support level can be observed as it has been Trending above the SMA 180 (tells the overall direction of the stock).
The Ticker has bounced off the Support and now has consolidated at 145.
In a short period of time,
T1. is 6% and T2. is 12%.
MACD is giving a Buy Signal.
Empower yourself by Understanding the...
The Ticker is showing an Ascending Channel.
It has a strong Support level.
The stock is showing a Triangle pattern at the support (the same can be seen on 30 July 2021).
MACD is generating a Buy Signal.
Empower yourself by 1st Understanding the Technicals behind the trade and then enter into the position and
never invest in something that you do not understand.
As per the past trends, we can observe a strong support with a profit potential of 4.90%.
This Ticker symbol is showing an Ascending Channel as it is trending above the SMA 180.
We can wait for the ticker to go above the EMA 45 for the confirmation of the Reversal.
Risk can be managed by keeping the Stoploss a little below the Support line.
Empower...
We can observe that IOC is now showing a reversal.
It was in the Consolidation stage and now has broken the Consolidation Channel and is trending up. We have the confirmation as 2 GREEN WICKS can be seen above the EMA 45 Line.
This ticker is a good pick as we can see an overall Ascending Channel pattern as the SMA 180 Line is being a Support to the ticker.
