Shivalik Bimetal Controls Ltd (SBCL)
PC-A = PC-B = PC C
The Parallel Channel Broke Out on 1oth Aug 2022, PC-A
This Break out lead to other two PCs, PC-B & PC-C, all three of three are SAME in width and Slope. #WonderOfPC
The arrows in the chart showing the Support and Resistances where Candles respected the PCs,
and showing the strength of it.
The recent support at 575 levels came on 27th Sept, the AGM date,
this shows there's great & wonderful relation between Fundamental and Technical Analysis.
In my opinion, If the overall market doesn't correct more or holds strong here, the breakout is near and will have good upside rally.
Good script for LT portfolio.
PC-A = PC-B = PC C
The Parallel Channel Broke Out on 1oth Aug 2022, PC-A
This Break out lead to other two PCs, PC-B & PC-C, all three of three are SAME in width and Slope. #WonderOfPC
The arrows in the chart showing the Support and Resistances where Candles respected the PCs,
and showing the strength of it.
The recent support at 575 levels came on 27th Sept, the AGM date,
this shows there's great & wonderful relation between Fundamental and Technical Analysis.
In my opinion, If the overall market doesn't correct more or holds strong here, the breakout is near and will have good upside rally.
Good script for LT portfolio.
