Expecting a good breakout. Try to buy on lower range of wedge pattern.
1. Inverted H & S in development 2. Trading on lower range of Expanding Triangle Pattern 3. Divergence in RSI (Although safe entry was at 2690. Missed!)
Last time on similar pattern gave upside breakout of 20-30 %. Similar chart pattern in development. Great for swing trades and intraday. Also, there is divergence in RSI.
Stock of Investors. Since mid-January till now(4 months) trading in range of 110-140.
Good for Intraday gains if gives breakout on upside
Weekly charts - Respecting 1 yr old trendline. Ready for Breakout of Cup and Handle. Can also spot Inverted H & S inside Cup and handle.
Trading in a range and Inverted H & S Pattern in development. If Nifty and Bank Nifty falls in coming days, pharma index is rise.
Harmonic PRZ and lower trendline of Symmetrical triangle both give levels of 930 for taking long position.
Will it cross resistance of 215 or break 1yr old trendline. Keep in watchlist.
Divergence in RSI + bounced from lower trendline of expanding triangle pattern
RSI is in oversold range. Stock trading on lower trend line of expanding triangle pattern, which is also near strong support. Good Risk to Reward ratio.
Good buying volume seen. Accumulation/Distribution indicator signals, right now stock is being accumulated. Keep an eye on this.
Can break Multi year trendline. For past 1 year, this stock has consolidated in range of 400-500. Good volumes seen in past days.
Good price upmove and volumes seen near psychological price barrier of Rs.100.