Breakout from Triangle pattern in Greenply Industries (Monthly)
Greenply Industries reached an ATH of 298.85 in the month of Jan'18 and corrected almost 75% to reach a low of 72.90 in Mar'20. It had consolidated for almost 6 months in a range before starting its upwards journey again in Nov'20. It reached a high of 254.7 in a year and started correcting again. In the process it formed a triangle pattern and has freshly started it upward journey.
It broke out of the triangle in the ongoing month of June'23. This indicates significant upside potential of minimum 67% in reaching 2nd target i.e. 298.
Long term target is forecasted to be even higher i.e. at 477.
It broke out of the triangle in the ongoing month of June'23. This indicates significant upside potential of minimum 67% in reaching 2nd target i.e. 298.
Long term target is forecasted to be even higher i.e. at 477.
Nota
Target 1 achieved on 19th Dec'23!Nota
Target 2 achieved on 18th Jun'24 !!Nota
Target 3 approaching...13% today
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.