Formed a inverted head and shoulder pattern in 4hrs chart. Also the presence of a long term S/R zone near current price.
If break the channel pattern can be expected to go up.
Formed a inverted head and shoulder pattern and then broke the level gone up and currently retesting the inverted head and shoulder's level. Also nearer to a good resistance zone. So if broke the resistance zone then we can expect some up movement. Also 20/50/100/200 Ema's are below the price.
Formed a flag pattern in weekly chart. If the pattern broke, then we can expect some up movement.
Formed a flag pattern in weekly chart. Recently took support on 20 ema . If the flag pattern is broken, then we can expect some up movement.
Near a good S/R zone. If it breaks can give an up movement. Also took a support on 50 EMA.
Recently broke a good weekly S/R zone.50-200 crossover just happened. Currently retesting the S/R zone. Can be expected to give an up movement soon if it took a support on S/R zone.
Formed a pennant like pattern after an uptrend. Can expect to go up if pennant broke with a positive candle with good volume. Now the price is above EMA. Disclaimer: I am not a SEBI registered analyst.
Broke a long time downtrend recently.20-50 EMA crossover happened in daily chart. Expecting to go upside if breaks the supply/demand zone with a good volume.
Now above 20 and 50 EMA . If gave a breakout can consider for long position.
If gave a good breakout, then we can expect an up movement.
A good supply/demand zone has broken. Previously this region acted as a good support many times(check weekly chart). Current price is above 50 and 20 ema on daily and weekly charts(200 ema is still above the price).Also a reverse head and shoulder like pattern can be seen(check weekly chart for clear view). If shown some good green candles with a good volume. Then...
Gave a breakout with good volume in weekly chart. If it sustains may consider for long. could reach 95.40 and 109.50
If it gave a break out then can be consider for long position. Currently above 20 and 50 ema.
May give a good movement if a breakout happens.
looking good for long position.
after breaking the small channel like pattern.
Formed almost a cup and handle pattern. Also took support from 50 ema. Just broke a good resistance. So MRPL may show some up movement.