just noticed the breakout target can be 683, 688
Reasons: 1) Downward channel resistance 2) Last earnings report was not good DECLARATION: please trade at your own risk. Like other traders, I too had a phase when I lost money by blindly following other's ideas. Do your own research to justify your investment. It's even ok to lose money based on your idea rather than other's idea. All the best!
Multiple reasons: 1) At the downtrend support in 4H chart 2) 4H 200-MA resistance 3) CNXPHARMA shooting star formation on Previous day Still in my analysis, I haven't figured out how to determine the target. I am sorry for that. Declaration: please trade at your own risk. Like other traders, I too had a phase when I lost money by blindly following other's...
Basis for prediction: BB above 1.00, Resistance lines (green and red in the graph).
convergence of ascending triangle and a support/resistance line
As there is a support noticed for HAVELLS as given in the chart, possibly going up and possible target would be ~630 - 640. CMP 621.85 This is just for my reference!
My intuition about triple bottom. Let us see what happens