A perfect stock in this falling market where everyone is worried about their investments and portfolios turning red.
Lets understand the points:-
1) A beautiful price action where it broke out came down and then consolidated for a while and now ready to pickup the pace.
2) Price broke the resistance and as we all know previous resistance turns into support and in this chart also it is reflecting the same.
3) Break and retest is one of the most common phenomenon now a days reflecting it beautifully.
4) Consolidation at support level. Made a zone where people gathered all the quantity.
I hope all the points will help us understand how this trade can be a beautiful trade.
Fingers crossed Keep an eye folks. Happy Trading Cheers.
Disclaimer: I am not SEBI registered. Please trade with your own risk and trade carefully.
Lets understand the points:-
1) A beautiful price action where it broke out came down and then consolidated for a while and now ready to pickup the pace.
2) Price broke the resistance and as we all know previous resistance turns into support and in this chart also it is reflecting the same.
3) Break and retest is one of the most common phenomenon now a days reflecting it beautifully.
4) Consolidation at support level. Made a zone where people gathered all the quantity.
I hope all the points will help us understand how this trade can be a beautiful trade.
Fingers crossed Keep an eye folks. Happy Trading Cheers.
Disclaimer: I am not SEBI registered. Please trade with your own risk and trade carefully.