paddymajhi

descending parallel channel - retest as W pattern - emami

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NSE:EMAMILTD   EMAMI LTD
stock followed through descending parallel channel
just recently given breakout of the channel with double bottom or w shape retest just near breakout level

buy - when retest level breaks upside
target - every resistance formed by the channel is target as channel formed by some base-correction-base pattern instead of V-shape M-shape correction.
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