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).