ilmscore | Prediction Details
"okay okay so now if you see here it is almost like a double bottom formation here at this level so I can say it broke I mean it broke this took a support Second Time Took a support broke again tried to move up from here took a resistance came down took a resistance came down took a resistance came down one more time and one more time and one more time and one more time and finally it has broken out it has broken out it it broke out it took a retest so this was the month of November when it broke out it has given a retest and now it is bouncing uh again which sort of formation is this as I mentioned again double bottom formation at the end of a downward trend is much much more powerful but this is still in a sideways Trend and plus it's like a monthly time frame right so it has been consolidating since December 20 so that's a long time so as per the double bottom formation how do you uh proceed typically you check the length and you clone this length and then you put this length at the neckline okay everything all of these sorts I've discussed in my course on technical analysis"
By CA Rachana Phadke Ranade | January 4, 2024 | Correct
From video
Is the rally over? | CA Rachana Ranade 00:29:47 - 00:31:31
Interpreted Prediction
Granules India has broken out of resistance after consolidating since December 2020, forming a double bottom pattern. It has retested the breakout level and is now bouncing, indicating potential upward movement.
AI Evaluation Notes
The prediction suggested a potential upward movement after a breakout and retest. Since January 4, 2024, the price of Granules India has increased significantly and is currently at 872.3 INR.

Prediction Details

Ticker
GRANULES
Price at the predicted date
872.3 USD

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