Trendline support plus resistance line support. If breaks this can see a downfall. and if moves up, can filll the gap created. target can also be as per Fibonacci Levels. SL will be CMP upon breakout (if any).
When we draw fibo for the swing it retraced to .382 levels.
So Up move is intact.
I need to cross 465 with Body above breakout line and continuing with good volume.
Stock has doubled in two months so strict stop loss .
One bad view in chart is when candles are compared to candles on left side little scary.
But RSI and Stochastic are as per rules.
ATR is high but...
This script had been moving upwards in the channel at a decent pace forming an Ascending Triangle in the process. Last month once the Galwan valley fight started, that is when this defense stock gave a breakout of the Ascending Triangle and started racing on.
Since the breakout it has given a staggering 68% returns in 24 days.
The stock also continued in the...
Thought why not check out some defense companies since everyone is ready to kill each other, this is the first and it looks ready to pop on the 4hr
It's forming a bull flag i assume and we are setting up to break through 281.30 .
On the daily you'll see we got rejected by the 200 day on 3 occasions so obviously had to come back to refuel or see if the lower...