VSNL 446.95
WILL IT TEST THE 500 LEVEL...
This stock formed bullish triangle formation, the breakout level from the triangle is at 452. Break above the 452 i put my target at all time high of 515.35. Daily CCi is at extremly bullish and RSI is inching towards overbought region. If it fails to sustain above 452 then it'll test the 5 month bull trendline which connected the lows of 301.10 and 393.95. Still some time left for more consolidation i mean to say to complete the triangle formation.
WILL IT TEST THE 500 LEVEL...
This stock formed bullish triangle formation, the breakout level from the triangle is at 452. Break above the 452 i put my target at all time high of 515.35. Daily CCi is at extremly bullish and RSI is inching towards overbought region. If it fails to sustain above 452 then it'll test the 5 month bull trendline which connected the lows of 301.10 and 393.95. Still some time left for more consolidation i mean to say to complete the triangle formation.
posted by Naveen Pantera at 8:50 PM
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