PRAKASH-EQ has traded in range for about 14 years ( from 2010 high to recent 2024 high ). This time the breakout is different because price has managed to break and trade above its crucial resistance zone.
currently price of PRAKASH-EQ has taken support at the lower end of its long term resistance channel and there is high chance of price breaking its all time high.
as and when price reaches near the upper band of its long term resistance band, it is expected to have a sudden and fast momemtum which will be volume supported.
right now price is in value zone (for people planning for momentum breakout) but it is advised to carry this for the next 1-3 years to reap the benefits of compounding
as always people are advised to trade as per their risk capacity.
currently price of PRAKASH-EQ has taken support at the lower end of its long term resistance channel and there is high chance of price breaking its all time high.
as and when price reaches near the upper band of its long term resistance band, it is expected to have a sudden and fast momemtum which will be volume supported.
right now price is in value zone (for people planning for momentum breakout) but it is advised to carry this for the next 1-3 years to reap the benefits of compounding
as always people are advised to trade as per their risk capacity.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.