Making positive divergence on rsi and macd little slightly.And given breakout on trendline if it will retest on this trendline than we can see a new resistance level.this is about short term levels.
If we talk about the long term levels than the stock is in consolidation phase.
DISCLAIMER:Do your analysis also.
There are three possibilities that it can give results, 1) Making pennant pattern on high frame chart.
2) Moving in a two parallel chain.
3) Trading at major resistance levels. wait for the breakout on the...
If this will give breakout from this zone than we can say that the demand zone will start. Today this stock is already in demand chances that it will take resistance on 169 levels after breakout of this zone. DISCLAIMER:Do your analysis also.
Making parallel path , 4th wave is going to start . The breakout can be seen in this 4th wave so keep watching . The breakout can be upside or can be downside.
DISCLAIMER:Do your analysis also.
It is trying to make descending triangle pattern . If it will make complete descending triangle pattern great possibilities that it will give breakout on downside.
DISCLAIMER:Do your anlysis also.
After 2 years this stock give a breakout to the major support levels keep watching. And making weak triangle pattern on the chart. DISCLAIMER: Do your analysis also.
