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Patterns: H&S or Descending triangle
Expected target: 400, 400--
For study purpose.
Looks like the Stock was in downward trend and have taken reversal path.. but Can expect it to hit 463/462.. It got good support around current levels.. and resistance around 483.3
For study purpose,
Long term breakout about to happen..
Forming Cup and handle pattern..
Current resistance level: 118-120, close above it, next resistance 126/127, Next resistance 136-139.
Post close above 140, can zoom to 240..
Jk Tyres, forming C&H pattern.
Handle got double bottom as well, which the target will close above neck of C&H.
as per double bottom, the target is around 165.
as per C&H breakout, the target is around 250/255. from 161/162
Is it forming a symmetric triangle?