AfnanTAjuddin

KABRAEXTRU - Retest of head and shoulders pattern's breakout

Long
NSE:KABRAEXTRU   KABRA EXTRUSIONTEC
KABRA EXTRUSIONTEC is currently trading above the zone that previously served as a solid support zone.
On the current timeframe and higher timeframes, the stock is trading above the 50EMA and 200EMA, indicating a positive trend.
We can see that the price has returned to test the head and shoulders pattern's breakout, and we can also see that the selling volume is becoming exhausted. The "Wave Volume Divergence" Indicator was used to analyse the volume.
The overall analysis indicates high probability buying opportunity, which is a low risk and high reward.

I am not a SEBI registered individual; my analysis is only for educational purposes.
If you find my analysis helpful, I'd appreciate it if you could like it and follow me on TradingView for more analysis like this.

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.