📊 Pattern: Rising Channel 📌 Symbol/Asset: Chemplasts 🔍 Description: Retesting strong Law Of Polarity zone, high probability of bounce back. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
High probability trade setup. A potential reverse head & shoulder pattern is forming. As per price action, expecting a higher low after the higher high formed @ 685 level. Better to accumulate around 530 levels as it is in confluence with the following: i) Key support level ii) Retest of descending channel iii) At golden FIB level. iv) Bottom of...
Chemplast- In Buying Range. A Close below Rs. 620 will be a Stop Loss. Target 1- 670 Rs. , Target-2 750.
Alert::: Exit @ 505 place SL orders at 505 . Might fall severely if closes below 505