AEGISCHEM - Ascending Triangle BO

Buy-Above 220
T- 250 280 300+

The stock has been in a correction phase since Jun 2021. Bulls have showed their presence by making a bullish engulfing candle in weekly TF. Our entry is not completely based on candle but price action too. In daily TF there is a bullish price action building up. Stock has given breakout of ascending triangle. It has closed above 50 EMA in daily TF.

The stock looks for short term and mid term. Short term traders can easily get 15-16% move in a leg. Mid term traders can stick to it till targets are met.


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