It has formed a Symmetrical triangle and is on the verge of breakout.
Historical chart tells us that the stock gave a good upside momentum of approx 32% after breakout of symmetrical triangle.
If the stock gives a good daily breakout candle one can enter with stoploss below candle low. Breakdown will negate our view in the stock.
Volume analysis shows that during consolidation volume has dried up.
Keep Learning, Keep Trading.
⚠️Disclaimer: The views expressed here are merely personal opinions. Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions.
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