KAJARIR
Time Frame – Monthly
Technical Observations -
1) Rounding bottom & Cup and Handle pattern breakout done on weekly chart
2) Price sustain above weekly 200 SMA
3) If we see on chart that last 2 times (i.e 1 & 2 ) price go upto till 1.414 of fibbo level by forming rounding bottom pattern.
4) If we consider the same fibbo level i.e 1.414 the good upside potential seen
5) See other details on charts
Resistance – 92/116/136/170
Support – 45 & Weekly 200 SMA
DISCLAIMER: I am NCFM Certified Technical Analyst and not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Time Frame – Monthly
Technical Observations -
1) Rounding bottom & Cup and Handle pattern breakout done on weekly chart
2) Price sustain above weekly 200 SMA
3) If we see on chart that last 2 times (i.e 1 & 2 ) price go upto till 1.414 of fibbo level by forming rounding bottom pattern.
4) If we consider the same fibbo level i.e 1.414 the good upside potential seen
5) See other details on charts
Resistance – 92/116/136/170
Support – 45 & Weekly 200 SMA
DISCLAIMER: I am NCFM Certified Technical Analyst and not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.