Seems Darkhorse ... COnsolidate and further breakout possible
Lets watchout the pattern, as Big red candles forming and consolidating, support may have turned to resistance, so lets see, in case it again becomes support I will be long else...Short
big breakout possible on next session in case it opens above or crosses above the trending line, as it is retesting on 1hr time frame.
Trying to breakout multiple times Trendline used to see the breakout Go for it...in case you want reward with great risk
Breakout within one hour get ready 5510 breakout based on trend lines
Though upside seems better, still downside can't be turned down. All is based on daily time frame and the pattern it forms near resitance level
Target depends on past resistance USed 1 hr time frame to analyse it, and also volume suggests shorting
Analysis is purely based on Trendline basis and oversold condition
Based on trendlines I have drawn few trendlines, Now 1) Stock movement will be within range of 5000 and 5500, 2) breakout may occur after 5450 3) consolidation at 5900-6000 4) Again big breakout may occur at 6000 5) Note: HH and HL are must in process.
1) Trend line breakout 2) gan up opening on 1 hr 3) gap up on daily basis 4) only for educational purpose
Target 110 purely based on trend line Stock is ready to breakoutbtye trend line with huge volume..ifvit does so ..its long trade
Stock is consolidatingbon every time frame, and if i see on one hour, it may break in case it opens with little gap or at same level and wait for 2-3 hours.
Triple 3x fomation at 265 1) Trendline support on monthly time frame 2) triple fomatin on weekly fomartion 3) trendline breakout on daily timeframe target 380 short, 480 long on monthly time frame.
Hero of 3x Triple Curves formation Reason: 1) Triple curves 2) Double bottom can be easily seen 3) Again small curve is forming recently, that means more buying is going by FII DII. Target is 5900.
Nykaa is making a curvy up that will target making a circle and in this will result in 3x target. Fii dii etc buying
Strong breakfast from breakout Its time to buy and cut off...
as soon it breaks up blue line buy target 2x as it willl be end of consoidation phase