It has been observed that the price action was trending down for a while and now reached at the strong support zone and formed a double bottom indicating a strong reversal from current levels.
T1- 150 SL - 95
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Trade active
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Breaking to new highs of the day
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After a short correction, up again with strong momentum.
@Kimara, Sometimes accumulation takes place after the breakout, which shall further strengthen upside movement. Name of the game here is patience. Thanks
WaveTradersproGroup
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@NeeteshJain, I dont call it as Game , Because for me stock market is Business , invest and earn , and if you know what is accumulation then you would have bought it before the 1st brake out , its OK you have tried your level best to answer me ,
WaveTradersproGroup
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@NeeteshJain, Neetesh You have to understand the difference between brake out and accumulation , If you have education its ok or you can take one course about it , always accumulation comes 1st then the brake out takes place , and brake out will continue making higher high and higher low ,
RanjeetBagal
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sir can you suggest any stock on a cheap price for a long term? please
NeeteshJain
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@RanjeetBagal, My favorite is IGL, but some other companies would be Coffeeday, zydus wellness, Glaxo, Ajanta, Maruti to invest in growth for long term. Thanks ``