NSE CHEMPLASTS has formed a consolidation area at 62 weeks old. The Price is trading above 20/50/100/200 exponential moving average bands. The control line has provided reversal and continuation more than ten times.
There are a total of four price excess and one wick rejection. There was a failed head and shoulders, and the price started rising to the upper band. If the price breaks out of the upper band, traders can clone the moves for the target within 1X and 2x measurements. Buyers can enter with the following targets: +.
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