@mayanksardana, not compulsorily sometimes when stock don't have the same bottom the stock becomes more powerful to break the neckline.
sumit623
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@mayanksardana, where do you think it will open on monday?
mayanksardana
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@sumit623, I can confirm you that today's wick will not be that easy to cross anytime soon. Monday we may see some retracement till 175-177 levels atleast.
sumit623
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@mayanksardana, i don't know how you trade but i guarantee you it will be gap up opening on monday. if you analyse properly it's a symmetrical triangle breakout.
mayanksardana
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@sumit623, Agreed on your point Sir, I am sharing my experience that once we have breakout it's good to have a retracement for next upmove.
sumit623
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@mayanksardana, exactly. lets see sir what happens on monday
vivekdeshpande1985
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@mayanksardana, Wick had almost touched 190 for latest green candlestick. Does not indicate bullish trend