Nagreeka Exports has BO of long 4.3 yrs base with 7x volume . Can be bought on every dips for the target levels as mentioned on the chart.
Educational Points
Large Base
1 - Early rally
2 - First point of profit booking/sell off
3 - Base formation after profit booking/sell off - this is the point to consider adding the stock to the watchlist(supply getting absorbed) but not in the buy list.
4 - Smart Money action, taking the prices to the previous high which should act as a resistance
5 - JOIN THE PARTY AT BREAKOUT, Important point to consider is Volume at BO
6 - Conservative Confirmed Buying
Examples of Large Base Formation could be Nagreeka Exp
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
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