Falling Channel Breakout in MCX

31 thg 5, 2022

The falling channel breakout observed in stock. The level of Rs 1428 will be a key resistance level, if price surpass that level then have a potential of further upside of 20-25%.

Level marked in chart and stop loss will be below Rs 1270.

Key Points:
- Falling Channel : Price was making lower low in channel and pattern break with upside movement.
- Volume surge
- Support & Resistance
- Technical Parameter i.e., EMA , RSI , Volume Profile etc.

Thanks