Read for the next phase
The company has declared a good set up of numbers on 22nd July.
Profit after tax is up by 48%
Sales are up by 36%
The price is now hovering near the previous Resistance which now acts as a support
Tight price range near the support level. Look at the small candles.
Price goes up with rising volume on 23rd Aug.
Any pattern may falter depending on the overall market condition. So one should always keep a stop loss. :)
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