PARAS: Near Breakout of Parallel Channel
Analysis of Parallel channel:
-In the chart, the Parallel Channel PC-A and PC-B are of exact width
recently the daily candles of PARAS tested the levels of lower of the channel PC-B
-And strongly reversed back as closed above the mid line of PC-B at 715
-Now an opening above this level strongly expects near target of touch the upper lines of PC-B, i.e. 790
-And a breakout for this level will bring the next target of 875+
Other Indicators:
-RSI is 60+
-RS (Relative Strength) is crossed above the 0
-volume: At the recent low to the lower line of PC-B, volumes in buying are high
-In the chart, the Parallel Channel PC-A and PC-B are of exact width
recently the daily candles of PARAS tested the levels of lower of the channel PC-B
-And strongly reversed back as closed above the mid line of PC-B at 715
-Now an opening above this level strongly expects near target of touch the upper lines of PC-B, i.e. 790
-And a breakout for this level will bring the next target of 875+
Other Indicators:
-RSI is 60+
-RS (Relative Strength) is crossed above the 0
-volume: At the recent low to the lower line of PC-B, volumes in buying are high
Our WonderOfPC analysis is working good.
Any coming strong candle above the upper line will confirm the BO here, and we can good to go for 875+ levels.