Price has formed rounding bottom and can give a breakout above 592 and enter into uncharted territory, price has also been taking support of 9 day EMA since November, currently also price has bounced from the same EMA. Pattern Target is 130 points post Breakout
What does 130 points indicate on the charts ? I don't know this points
vaibhavmehta611
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@talentadvisormadhan 130 points or INR 130 so post breakout a move of INR 130 is expected that will give you a target of 712 above 592, so the pattern target is in terms of levels is 712 and pattern target in terms of points/INR is 130 :)
May i know what does 130 point indicates n the chart? I m new and learning still
vaibhavmehta611
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@talentadvisormadhan, pattern target is 130 points meaning the depth of the bottom to top is 130 points generally when such patterns give breakout it is said the depth of the pattern/consolidation is the target that the stock may achieve