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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.