FLUOROCHEM: Retesting Mid line of PC and near PC breakout level
FLUOROCHEM:
Parallel channel analysis #WondersOfPC
-Took support at Mid line of PC-A for retesting
-Opening above the recent close, will lead to touch upper line of PC-A, which it missed earlier at P2
-Strong confirmation can give us a target of Breakout of PC-BA
-Earlier candles have tested the lower levels of PC-A at point P1 while breaking out PC-B
-If the candles do not support the midline and open below it, candle will test the bottom line of PC-A
Parallel channel analysis #WondersOfPC
-Took support at Mid line of PC-A for retesting
-Opening above the recent close, will lead to touch upper line of PC-A, which it missed earlier at P2
-Strong confirmation can give us a target of Breakout of PC-BA
-Earlier candles have tested the lower levels of PC-A at point P1 while breaking out PC-B
-If the candles do not support the midline and open below it, candle will test the bottom line of PC-A
If overall market stays strong, we can expect good breakout confirmation of PC-A in coming days.
Next target will be 4500, where one can trail stoploss at 3700.