varadtambolkar

Bharat Bijle Price & Volume contracting.

Long
varadtambolkar Updated   
NSE:BBL   BHARAT BIJLEE
Stock has narrowing down candle by candle.
There is price as well as volume contraction.
This price movement precedes a big move.

Stock is consolidating since 2009. Stock is on the verge of multiyear breakout. Stock is being accumulated as evident by volumes. check image below


Simple wedge pattern on daily time frame


For attempting a breakout trade place SL at 1175
Comment:
Multi year brekaout complete.
Now multi Bagger returns 😃

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