Network 18 , Multi-year breakout on Cards.
All observations on chart.
64-72 rs band is acting as a resistance since 2014, but it is tested multiple times, This will be 10 year breakout
45 rs level is breakdown level. Stock just formed a narrow range below breakdown level for 4 months and recently gave a breakout.
High chances that stock will cross 45 rs.
After crossing 45, 64-72 will be first target. Beyond this area stock will double 92-98.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
64-72 rs band is acting as a resistance since 2014, but it is tested multiple times, This will be 10 year breakout
45 rs level is breakdown level. Stock just formed a narrow range below breakdown level for 4 months and recently gave a breakout.
High chances that stock will cross 45 rs.
After crossing 45, 64-72 will be first target. Beyond this area stock will double 92-98.
Not a Trade Advice/ Recommendation.
Do your own analysis/ Consult your Advisor.
Commento:
Monthly Consolidation. Can be a Great buy for long term.
Monthly Consolidation. Can be a Great buy for long term.
Volume Contraction & Breakout out of narrow range.