I shared the chart pattern on 6 Sep based on Powerplay setup.
This counter continue correction phase till now. The pattern is clearer now.
Left - POWERPLAY
Right - VCP (C1/C2)
C1: -13%
C2: -7%
Price breakout on 26 Oct 2022. Price currently testing its new support (red horizontal line).
Its volume and price setup is good!
Disclaimer:
Information presented...
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
SL0.95 TP1 1.54 TP2 Open
TELADAN setting up powerplay since end July. Price sideway for almost one month.
Will it breakout and go for another rally?
Disclaimer:
Information presented here is not intended to be used as the sole basis of any investment decisions nor should it be construed as advice designed to meet the investment need of any investor. Trade at your own risk.
1. Tenkan above Kijunsen
2. Chikou Span breaking free of price zone
3. Price moving above Tenkan and Kijunsen
4. Buyers' market the past three days.
5. Price has now entered Bearish Kumo Cloud, going up.
Outlook: If the buyer sentiment continues into next week, and Teladan clears 0.65, it should have confirmed a bullish trend.
