The stock has a very repetitive pattern - has been traveling in an upward channel for last 2 years. Volumes are good lately and has been consolidating for almost 2 months now.
Scenario 1: If it breaks the upper channel we can expect 7-8% upmove
Scenario 2: If it fails to sustain the upper channel trendline and takes rejection, it can retest 1015 levels again.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
Scenario 1: If it breaks the upper channel we can expect 7-8% upmove
Scenario 2: If it fails to sustain the upper channel trendline and takes rejection, it can retest 1015 levels again.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
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All Ideas posted by me are for Educational Purpose.
TG channel t.me/priceactionchart
My TG ID @tanya151181
Course details:
tinyurl.com/PAC2COURSE
All Ideas posted by me are for Educational Purpose.