This analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks to reach the target.
As we can see, the stock is on the verge of breaking from its MULTI-YEAR Resistance zone. The move is also supported by increased volume.
A Bullish Head & Shoulder can be seen in the chart.
A zoomed in image would show formation of Cup & Handle Pattern as well.
Range for entry, SL and Target is shown in image itself.
This analysis is for study purpose.
Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study
The analysis is done on weekly TF hence it can take couple of days to couple of weeks to reach the target.
As we can see, the stock is on the verge of breaking from its MULTI-YEAR Resistance zone. The move is also supported by increased volume.
A Bullish Head & Shoulder can be seen in the chart.
A zoomed in image would show formation of Cup & Handle Pattern as well.
Range for entry, SL and Target is shown in image itself.
This analysis is for study purpose.
Traders must do their own study before entering into any trade. Traders should trade with their own risk capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis/Chart Study