After Falling for long time stock takes time to absorb most of the selling pressure
Now its trying to break from the zone
I would like to see its movement
Not buying this stock
But yes it forms a beautiful pattern
as there is mention in flag & pole pattern
target can be consider from pole length
and according to elliote wave theory
pattern repeat itself
here we took just small time frame for it
if market doesn't fall freely
and company doesn't give any bad result
then our pattern can show result what we have calculated
IF WE TALK ABOUT ITS CORRECTION AND COMEBACK
IT PLAY 120 DAYS
AND FORM A PERFECT U SHAPED STRUCTURE
AND NOW IT IS CONSOLIDATING AT HANDLE LEVEL
IF IT BROKE LEVEL OF 4300
IT CAN MOVE FOR NEXT 20% UPMOVE IF HOLD TILL DECEMBER(AND MARKET REMAIN STABLE
FOR REFERENCE YOU CAN CHECK
WHAT IS CUP AND HANDLE PATTERN
THIS IS JUST MY ANALYSIS
YOU CAN CORRECT ME...
