GTPL Hathway Ltd. (NSE: GTPL) has recently broken out of a symmetrical triangle pattern on the daily chart. The breakout has been followed by a successful retest, indicating a strong bullish signal.
A Symmetrical Triangle Breakout would indicate a continuation of prior trend, which is bullish in the long-term, as shown by the Monthly Chart below.
I have also given a possible long-term channel for GTPL. The support at the bottom of the channel has been tested multiple times, as shown. We'll have to see if the top also holds but that is a long time away.
On the Monthly time-frame, the RSI is also on an upward trajectory, as shown.
Please comment with your views on the set-up.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
A Symmetrical Triangle Breakout would indicate a continuation of prior trend, which is bullish in the long-term, as shown by the Monthly Chart below.
I have also given a possible long-term channel for GTPL. The support at the bottom of the channel has been tested multiple times, as shown. We'll have to see if the top also holds but that is a long time away.
On the Monthly time-frame, the RSI is also on an upward trajectory, as shown.
Please comment with your views on the set-up.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
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Poor Quarterly results.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.