Nifty 50 index has breakout happened in the technical chart. Which is travelling at a parallel channel pattern. Now some up rally movement possible to achieve 17600 points. We've shown trend line breakout were happened in this chart and retracement will happen to achieve my target of 17600.
The Rallis India ltd price has been touch lower circuit level of 52 week low. To take the long positions to hold.
1.Fibonacci Retracement at 0.618 2.0.618 is a strong support level 3.By Fib Extension has three target levels shown in above fig.
The total trend had travel at the inside of a parellel pattern. meanwhile the downward trendline breakout were happened and correction is occured. it is a indication of positive sign to take a long position.
If waiting for the breakout, it will happen to take a long positional trade
here already breakout happened. that the price going to be first support line as shown in figure.
Future Consumer Ltd has breakout happened. similarly monthly chart view.