After taking support at an upward-sloping trendline, which has cushioned prices on multiple occasions, PWL has now triggered a bullish price breakout on its Candlestick charts.
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser.
The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution.
They should not be construed as the views or recommendations of The Economic Times Digital or the journalist.
Readers are advised to consider the original research report and make their investment decisions based on their own assessment.
After taking support at an upward-sloping trendline, which has cushioned prices on multiple occasions, PWL has now triggered a bullish price breakout on its Candlestick charts. A follow-through Double Top Breakout on the 1% Point & Figure charts, following the formation of a Bullish-Bearish Pattern Reversal, provides further confirmation of the resumption of its uptrend.
(Hitesh Rathi, Technical Analyst - Equity & Derivatives, Angel One)here.
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.
