Once again the price is trading near the support area of the channel which is considered as a good buy. If one is entering the market long at the support can aim for the channel top as the target which is almost 100 points
AS you see the previous history of the pattern price exactly took support at the channel bottom and rejected at the channel top. Instead of looking for many trades at a time one can select this kind of stocks and make profits with ease.
@Tradersasi23 - could you please educate me - is there any other indicators to confirm that the stock will pull back from the support. Could it break the channel support and move further downwards?
mcpriceaction
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@NK_Learner, Dear NK, indicator only helps to predict the direction, but all indicator available gives indication little late, means at the time of indication share already move in upside or downside in rally. better you concentrate on upgrade your knowledge on chart reading , if can catch the pattern you can earn a lot like in this case tradersai23 did, he catch the chart pattern. gud work tradersai, if BNF move axis will definitely take part in the rally.
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stay tune on mcpriceaction.