Indostar Capital Finance Ltd
Date 14.09.2024
Indostar Capital Finance
Timeframe : Weekly Chart
Remarks :
1 Previously formed an ascending triangle which gave breakdown
2 Currently bounced this year & formed rounding cup pattern
3 Rounding cup neckline & major support & resistance is critical as trend shift in stock
4 Breakout possibility = Exit from 50% of resistance fan + neckline + 38.2% of Fibonacci retracement
Regards,
Ankur
Indostar Capital Finance
Timeframe : Weekly Chart
Remarks :
1 Previously formed an ascending triangle which gave breakdown
2 Currently bounced this year & formed rounding cup pattern
3 Rounding cup neckline & major support & resistance is critical as trend shift in stock
4 Breakout possibility = Exit from 50% of resistance fan + neckline + 38.2% of Fibonacci retracement
Regards,
Ankur
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