• weak chart analysis
• my first saucer pattern discussion
• stock GIPCL chart pattern formation like saucer
• stock October 2017 to September 2013 time taken to form saucer pattern
• Long-term consolidation means high potential for a big move
• chart consolidate between 68 and 94 multiple times
• The 128–130 level also serves as major resistance for the stock because in 2010 and 2011, the stock multiple times hit this level and returned, making it impossible to break out
• 130-level breakout and sustained from 2 sessions (weak)
• volume in stock is good
• volume indicating accumulation at lower level of the stock
• accounting fib retracement: 0.786 level 123, 0.618 level 106, next level stock 200+
• sentimental resistance for the stock: 150
• above 150 level stock touch 200 and keep stop loss 128-130 strick Stop lost
• my first saucer pattern discussion
• stock GIPCL chart pattern formation like saucer
• stock October 2017 to September 2013 time taken to form saucer pattern
• Long-term consolidation means high potential for a big move
• chart consolidate between 68 and 94 multiple times
• The 128–130 level also serves as major resistance for the stock because in 2010 and 2011, the stock multiple times hit this level and returned, making it impossible to break out
• 130-level breakout and sustained from 2 sessions (weak)
• volume in stock is good
• volume indicating accumulation at lower level of the stock
• accounting fib retracement: 0.786 level 123, 0.618 level 106, next level stock 200+
• sentimental resistance for the stock: 150
• above 150 level stock touch 200 and keep stop loss 128-130 strick Stop lost