Long

DARVAS BOX BREAKOUT

Updated

INDIAGLYCO has beautifully broke out from a symmetrical triangle pattern in the month of June formed a DARVAS BOX consolidation for almost 88days.

Volume breakout is higher, indicators are turning bullish, yesterday it has formed a long bullish candle and hits a new 52w High. Breaking out from this consolidation box can give another 20% returns with some consolidation.

Things to remember, price can retrace back to support level or it can form a Doji candle before moving up.

Nifty is at all time high level, any furious correction can turn the momentum in this stock as bearish.

Trade closed: target reached

BullsVsBears_NSE

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