HONDA I POWER PRODUCT LTDUpdated Bottom Wedge - Bullish Signal!
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
PLEASE NOTE THAT:
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
- Shows two converging trendlines as prices reach lower highs and higher lows.
- This pattern may suggest a slowing of downward momentum and a possible upcoming upward price movement.
- 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
Trade closed: target reached
Educational Target Closed!
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