Downward channel broken upwards.
RSI also out from a downwards wedge.
But if it manages to breakout from the pocket of resistance (shaded area) then will move on upwards towards the next SR marked in green
Also a bearish shark pattern formed near to this shaded area.
Evening star formation on Daily Time frame.
Looks to be going down now.
But on lower time frame already was moving in a downward channel.. Need to see if it will break upside or continue downwards.
Fibo levels also plotted...
Stock seems to have broken down from a rising wedge.
But last daily candle shows buyers are strong at the support level indicated in horizontal blue line.
This is a support which was earlier resistance also and has been tested multiple times.
Also 50 EMA is also currently at the same support line.
Mostly stock will bounce upwards, so upwards move...