Through The Chart You Can see after The breakout From The descending Triangle pattern I)Stock is still under a box range also under it 2)after the breakout creating a Rising wedge pattern
Considering Both the points...Stock is now as on 25/7/22 under a very indecisive and critical area which can lead us to the following possibilities
1)Stock Will Consolidate under under the rising wedge and a box range and the give a amazing upward movie nonstop....(positive)
2)stock will Directly break both the patterns but in this case there are higher chances stock will spend some time at aimportant area of 53-54l level.....(positive)
3)And last which has lesser chances according to me is the stock may break the rising wedge pattern towards downside and move till the levels 47,45.30,41.50..(negative)
If stock starts it upwards rally it will go boom as per important levels 53.30,63,70 (For short-term traders)
Hoping for the best!
Thank you😊
Considering Both the points...Stock is now as on 25/7/22 under a very indecisive and critical area which can lead us to the following possibilities
1)Stock Will Consolidate under under the rising wedge and a box range and the give a amazing upward movie nonstop....(positive)
2)stock will Directly break both the patterns but in this case there are higher chances stock will spend some time at aimportant area of 53-54l level.....(positive)
3)And last which has lesser chances according to me is the stock may break the rising wedge pattern towards downside and move till the levels 47,45.30,41.50..(negative)
If stock starts it upwards rally it will go boom as per important levels 53.30,63,70 (For short-term traders)
Hoping for the best!
Thank you😊