IPL gave a strong double bottom pattern breakout with good volumes.
Good volume accumulation is seen at the starting of the second bottom of this pattern which is good sign .
Now it is consolidating at a weekly resistance. This consolidation phase seen with good volumes.
If breakout given at weekly resistance then a good bull run can be expected.
Good volume accumulation is seen at the starting of the second bottom of this pattern which is good sign .
Now it is consolidating at a weekly resistance. This consolidation phase seen with good volumes.
If breakout given at weekly resistance then a good bull run can be expected.
Disclaimer
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.
Disclaimer
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.