Anant Raj: Uptrend channel

20 ott 2022

ANANTRAJ is a perfect Swing Trading opportunity as of now. The chart patten has the following features:

• It is in an upward trending channel, shown as blue channel in the picture
  
• Current price-action is in the upper half of the upward channel.
  
• The price-action can be viewed as a Cup and Handle patten also, shown as green color curves with a blue dotted neckline. The neckline corresponds to upper channel.
  
• One may argue: It's a Pole and Flag patten. So a potential breakout is possible.
  

Current range:


* Resistance: 117
* Supports: 104, 92.

Recommendation: Swing trade inside the channel. The swing ranges are: 92 <-> 104 <-> 117.
Breakout above 118. (Check volume also)
Breakdown below 92. (Check volume also).