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tradeandtequila

#ALBERTDAVID looking good for a SHORT TERM TARGET of 15-20%

Long
ALBERT DAVID (NSE:ALBERTDAVD)  
tradeandtequila  
NSE:ALBERTDAVD   ALBERT DAVID
Trend Analysis Trend Lines Triangle swingtrading PHARMA shortterm
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trendanalysis trendline triangle swingtrading pharma shortterm
ALBERTDAVD
The structure looks quite appealing.

- Consolidation for the last few months seems over.
- Sharp rise from established DEMAND ZONE and consolidating near resistance line.
- Buying volume seems much more convincing than the selling. Can give a good 15-20% rally to the next supply area.
- Halting near resistance line. Seems to soak up all the selling pressure.

** Entry can be made immediately upon breakout or upon retest of the down trendline.

Disclaimer: This is just for educational purpose. Investment/Trading carries its own risk of permanent capital erosion and mental drawdown as well. Do consult your financial advisor before getting into any positions.

P.S - Likes will be appreciated along with your insights in the comment section as well. Thank you.
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