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praveen97041

Double Bottom Pattern in KIMS

Long
KRISHNA INST OF MED SCI L (NSE:KIMS)  
praveen97041 Updated   
NSE:KIMS   KRISHNA INST OF MED SCI L
Support and Resistance Trend Lines Double Top or Bottom
7
2
supportandresistance trendline doubletoporbottom
After a strong upmove last year, the stock has been trading in a broad channel. A potential W pattern is in the making with the price taking support at the bottom of the channel twice.

Expecting a strong upside move the current levels. One can also wait till the price breaks 2093 resistance to confirm W trend.

Let me know your thoughts in comments.
Comment:
Entry 1 proved to be a good option.
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