-can see cup and handle formation on charts one way target if breaks would be 5% -feds stance will act as a trigger (break out or breakdown) -2nd opinion even if trendline is breaken the minimum target would be 5% acc to some books on tech analysis.
*laxmi organics is expereincing volatility contraction. * there is volume in every green candle. *my traget would e 385 the hurdle zone LXCHEM. *one can enter @the reak of 355 for a target of 385 with a SL of 348( rememer wait till it breaks 355 dont preampt)
a beautiful trade u can take. if u r a long term investor now is the time to enter as there are some institutions who have entered u can see the volumes.
beware of bear traps always wait for retest if its not a momentum and huge volume one.
break above the resistance zones will make way uptil 400 levels