MELEWAR has been trading above its upward sloping 20-Day Moving Average which is a good sign.
Furthermore, the next resistance level is quite far at 0.28.
Resistance 1 : 0.2800 (26.95%)
Resistance 2 : 0.285
Support 1 : 0.200 (-8.92%)
Support 2 : 0.180
Ascending Triangle identified at 21 Aug 2020.
This pattern is still in the process of forming.
Possible bullish price movement towards the resistance 0.725 within the next 19 days (12 bars : ETA 9 Sep 2020).
Furthermore, the next resistance level is quite far at 0.28.
Resistance 1 : 0.2800 (26.95%)
Resistance 2 : 0.285
Support 1 : 0.200 (-8.92%)
Support 2 : 0.180
Ascending Triangle identified at 21 Aug 2020.
This pattern is still in the process of forming.
Possible bullish price movement towards the resistance 0.725 within the next 19 days (12 bars : ETA 9 Sep 2020).