Adani Total Gas Ltd: Bollinger band squeeze inside Keltner Ch
In Daily chart stock is getting Bollinger band squeezed inside Keltner Channels. I marked recent history in the chart to verify this pattern and If stock gives closing above BB then it is most probably going to give at least 25% profit as per trend ATGL following.
so, Target would be anywhere near 25% and SL can be lower band or mean of BB.
Note: I'm new to technical analysis , do your own Math. I'm open to new ideas and flaws in my analysis, so please do comment and collaborate.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
so, Target would be anywhere near 25% and SL can be lower band or mean of BB.
Note: I'm new to technical analysis , do your own Math. I'm open to new ideas and flaws in my analysis, so please do comment and collaborate.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.