CMP: 135.50
Setting up for a potential bullish breakout with a classic Ascending Triangle pattern on the monthly chart, following a strong prior uptrend.
🔹 Overhead Resistances: 146 / 177 / 207
🔹 Breakout Confirmation Level: 218
🔹 Support Zone: 103 – 99
🔹 Pattern Target: 335+
🔸 ~68% upside from breakout level
🔸 ~150% upside from CMP (135)
📉 Pattern Invalidation Level: 80 MCB
📈 A sustained breakout above 218 (monthly close) may open the gates for a strong move towards 335+. Patience is key on monthly patterns, but reward could be worth the wait.
#RGL | #RenaissanceGlobal | #AscendingTriangle | #ChartPatterns | #LongTerm
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
Setting up for a potential bullish breakout with a classic Ascending Triangle pattern on the monthly chart, following a strong prior uptrend.
🔹 Overhead Resistances: 146 / 177 / 207
🔹 Breakout Confirmation Level: 218
🔹 Support Zone: 103 – 99
🔹 Pattern Target: 335+
🔸 ~68% upside from breakout level
🔸 ~150% upside from CMP (135)
📉 Pattern Invalidation Level: 80 MCB
📈 A sustained breakout above 218 (monthly close) may open the gates for a strong move towards 335+. Patience is key on monthly patterns, but reward could be worth the wait.
#RGL | #RenaissanceGlobal | #AscendingTriangle | #ChartPatterns | #LongTerm
📌 Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.