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Wavozen

42. Passive Ana. breakout from the channel has 70% probability

Long
Nifty Pharma Index (NSE:CNXPHARMA)  
Wavozen Updated   
NSE:CNXPHARMA   Nifty Pharma Index
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For Educational purpose only
Breakout from the channel has a probability of around 70%.
A strong breakout failure at bottom of the channel needs to conform the scenario
Comment:
near by demand zone
wait price action near demand zone
Comment:
need further price action data to confirm the demand zone; expect breakout failure
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