CUP & HANDLE PATTERN in SHEELA FOAM Fundamentals in Support
Short term trade: Close this resistance level with good volume. Whereas technical indicator are bullish. More upside expected by resistance is 3005.55 and 3069.20. Support is on 2819.45 and 2575.75
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Goals 3275, 3085. Invalidation at 3935 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
Immediate targets 3123.10, 2897.70. Invalidation at 4544.70 We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
Stock in consolidate and near to 50DMA. Can buy to go long, 2680 soon.