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Naresh_NM
Sep 13, 2022 5:03 AM

Good momentum and volume in CCD, up towards 75+ Long

COFFEE DAY ENTERPRNSE

Description

In weekly timeframe, having trendline resistance around 77 ( where as monthly club is around 71) forming possible Cup and handle pattern with good volumes ...(last few sessions volumes shows strength)..

If it continues the strength then next targets would be 75, 100+ in 6 months.

Note: This is just educational purpose and not for recommendations at all.
Comments
Naresh_NM
PS:Apologies, I just realized that chart uploaded with daily tf rather weekly tf. so, you can see difference in trendline as it meant for weekly tf.
Naresh_NM
it's in sideways and towards consolidation around 50-55 for some time before go up/down.
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