EXCELINDUS: Near Breakout of Parallel Channel
#WondersOfPC
Parallel Channel Analysis:
-After taking support at the Mid line of PC-B, we are near the Breakout of PC-B
-An opening above recent close of 1455 will give a strong breakout of PC-B and we can expect target of 1660
-At point P1, candles respected both mid line of PC-A and bottom line of PC-B and went to P2 and to P3 from there
Parallel Channel Analysis:
-After taking support at the Mid line of PC-B, we are near the Breakout of PC-B
-An opening above recent close of 1455 will give a strong breakout of PC-B and we can expect target of 1660
-At point P1, candles respected both mid line of PC-A and bottom line of PC-B and went to P2 and to P3 from there
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