Usually whenever there is a breakout (bullish/ bearish), the rally is strong. Reason being, a build up near support shows no more buying pressure coming in. In IGL, breakout is done with strong volume. Expecting further downfall.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.