Chart says it all.... Channel upwards on 15 min TF inside a rising wedge / upwards channel on a 4hr TF... Looks like it may come down....
Hi, I am revising my thoughts based on what my prof explained to me.... Now i am seeing what i wasnt seeing before.
Description on chart....
Description on chart
Description of analysis mentioned on chart with Targets.
REC LTD has broken resistance trend line and will move skywards ....
It seems to be moving in an upwards channel pattern. Support / Resistance marked on chart. Looks like it will touch the upper RESISTANCE LEVEL (LIGHT BLUE LINE) and fall back.