Technical Analysis
Formation of Bullish Patterns
- PARAGMILK
Technical Analysis
- As per technical analysis, Parag Milk is currently forming a Reverse Head and Shoulder Pattern.
- Reverse Head and Shoulder pattern is considered as highly bullish.
- After the formation of the Reverse Head and Shoulder Pattern, the price is currently in the verge of a break out.
- In case it breaks out from the shoulder line i.e. the resistance line formed since Aug-2019 and is well supported by Volume Action, then its bull run is expected to start.
- In case it breaks out from the resistance level, it may become a multi-bagger in short time period.
- Looking to the support line, it indicates that the price is respecting the support trend line and trading just above the support line. Hence the risk is very limited, where as it is likely to give a good reward at the upper region.
- The initial target line has been indicated in the above picture.
- MIRZA INTERNATIONAL
Technical Analysis
- As per technical analysis, Mirza International has formed a Reverse Head and Shoulder Pattern.
- Reverse Head and Shoulder pattern is considered as highly bullish.
- After the formation of the Reverse Head and Shoulder Pattern, the price has recently broken out from the resistance shoulder line which was formed since Jun-2019.
- After its break out from resistance zone, the price is moving up and is also well supported by Volume Action.
- It may become a multi-bagger in short time period and may hit the target indicated in the above chart.
For getting idea on more such stock, which are forming various bullish patterns, we invite the readers to watch the below videos, which are likely to help improve your knowledge on Technical Analysis and also it will help you discover the actual multi-bagger stocks at bottom level.
- CEREBRAINT
Technical Analysis
- As per technical analysis, CEREBRAINT has formed a Reverse Head and Shoulder Pattern.
- Reverse Head and Shoulder pattern is considered as highly bullish.
- After the formation of the Reverse Head and Shoulder Pattern, the price is trying to break out from the resistance zone which has been forming since 2018.
- In case it breaks out from the resistance level, it may become a multi-bagger in short time period.
- Looking to the support line, it indicates that the price is respecting the support trend line and trading just above the support line. Hence the risk is very limited, where as it is likely to give a good reward at the upper region.
- The initial target line has been indicated in the above picture.
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