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.
Note
Volume Contraction & Breakout out of narrow range.
Note
Monthly Consolidation. Can be a Great buy for long term.
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Publications connexes
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.