Recognise has detected a "Continuation Wedge(Bullish)" chart pateern formed on Equities Holding Ltd NSE.
This bullish signal indicates that the stock price may rise from the close of 117.55 to the range of 144.00-150.00.The pattern formed over 20 days which is roughly the period time in which the target price rang may be achieved, acording to the standers principal technical analysis.
After a temporary interruption, the prior uptrend is se to continue, A Continuation Wedge (Bullies) represents a temporary interruption to an uptrend, taking the shape of two converging both slanted downward against the trend.During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the trend line signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart.
This bullish signal indicates that the stock price may rise from the close of 117.55 to the range of 144.00-150.00.The pattern formed over 20 days which is roughly the period time in which the target price rang may be achieved, acording to the standers principal technical analysis.
After a temporary interruption, the prior uptrend is se to continue, A Continuation Wedge (Bullies) represents a temporary interruption to an uptrend, taking the shape of two converging both slanted downward against the trend.During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the trend line signals a continuation of the prior uptrend.
This bullish pattern can be seen on the following chart.
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