The above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on 30 min TF hence price may take few days in order to reach the targets.
Trade setup is explained in image itself.
To understand why the marked zone of Double Bottom is important, check the below image -
For larger perspective and understanding the huge...
NSE:MMTC
Technical analysis: MMTC (Daily) Chart only for educational purpose
MMTC taking support between trend line, if its break upwards or downward then will update new targets.
Support and resistance available in chart
My Target: (Not advising anyone to invest after watching my chart this is only for education purpose)
1. Target – 45.85
2. Target –...
The stock has formed a flag pattern on a daily chart and today's movement indicates a flag breakout. The stock has a 52-week high of ~52.55 which is expected to be tested in the April series.
Levels:
Buy - CMP or place a GTT order for purchase at 44.80
T1 - 47+
T2 - 49+
SL - 42.75
NOTE: These findings and levels are purely based upon the knowledge and...
Making Flag pole pattern, could be a good buy if closes above the horizontal line marked over the chart
Note: This analysis is only for educational purpose no recommendation for Buy
