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hardeepssethi
Jan 5, 2024 2:53 AM

Bottom Wedge - Bullish Signal! 

NSE:HONDAPOWER1D
HONDA INDIA POWERNSE

Description

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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

Trade closed: target reached

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Educational Target Closed!
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