Bottom Wedge - Bullish Signal!

Jan 5

Honda India Power Products Ltd

The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation.

Pattern : Bottom Wedge

1. Shows two converging trendlines as prices reach lower highs and higher lows.
   
2. This pattern may suggest a slowing of downward momentum and a possible upcoming upward price movement.
   
3. Traders often look for breakout points above the upper trendline as a signal to enter a long position.
   

PLEASE NOTE THAT:

• This chart analysis is only for reference purpose.
  
• This is not buying or selling recommendations.
  
• I am not SEBI registered.
  
• Please consult your financial advisor before taking any trade
  

Feb 24

Trade closed: target reached

Educational Target Closed!