AB Capital Long Term Trend Reversal with Accumulation & Momentum
AB Capital : Rounding Bottom Pattern Breakout on weekly chart.
Breakout above neckline at 115 and Price moving above 50 SMA .
Huge Volume in past few weeks show Accumulation.
Weekly RSI showing positive divergence.
Looks good for 50% upside in short to mid term.
CMP : 130
Short Term view (1-3 months)
Target : 148 & 165
Mid Term view (3-12 months)
Target : 191 as per Pattern
Almost 1:3 risk reward setup
If Price moves above 210-214 zone then
Long Term View (12-36 months):
Target : 261-286-320-388-496
SL : 110
Chart Only for Education Purpose
Breakout above neckline at 115 and Price moving above 50 SMA .
Huge Volume in past few weeks show Accumulation.
Weekly RSI showing positive divergence.
Looks good for 50% upside in short to mid term.
CMP : 130
Short Term view (1-3 months)
Target : 148 & 165
Mid Term view (3-12 months)
Target : 191 as per Pattern
Almost 1:3 risk reward setup
If Price moves above 210-214 zone then
Long Term View (12-36 months):
Target : 261-286-320-388-496
SL : 110
Chart Only for Education Purpose