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.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.