There are two pattern emerging in it.
Inverted head and shoulder and cup and handle.
Both are bullish pattern.
If we get a daily closing above black line then we can get a move on long side upto 25%
Orange lines are the resistance level that can act as reversal level from their only today the stock has seen a rejection.
Green line is the target.
Red line will be the SL.
It can be a good trade... I will take it for sure as it is having the R:R also very great.
Inverted head and shoulder and cup and handle.
Both are bullish pattern.
If we get a daily closing above black line then we can get a move on long side upto 25%
Orange lines are the resistance level that can act as reversal level from their only today the stock has seen a rejection.
Green line is the target.
Red line will be the SL.
It can be a good trade... I will take it for sure as it is having the R:R also very great.