This stock hasn't performed for a long time but on the larger time frame and uptrend it has formed a symmetrical triangle. The breakouts from the triangle are usually massive.
On the shorter time frame, I see the formation of an Inverted Head and Shoulder pattern which signifies that a bullish breakout is around the corner.
MACD on the shorter time frame also looks bullish.
Very low liquidity stock … may be coz volumes are drying up for explosive rocket move
CuriousChartist
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@deepakupreti100us, As long as it is forming the right patterns, the targets seem secure. Multiyear consolidation breakouts seldom fail. They could move slow, but they certainly move.
Nice study brother! Pattern identified looks very good, Best of luck thanks for publishing Great ideas
CuriousChartist
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@AMIT-RAJAN Thanks for supporting and glad you liked this one especially because no one is talking about it so far. I see potential here but can't find that turnaround news/trigger. Hope something gets uncovered in this space soon from popular influencers.
AMIT-RAJAN
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@CautiousChartist I checked chart and find that you are very right apart of technical pe is low according to the sector and book value is also good, one thing want to tell that this one is mine favorite too so somewhere it stays in my watchlist or in tracking, anyways you posted good so it doesn't matter that anyone will talk or not 🤝
Keep it up!!
CuriousChartist
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@AMIT-RAJAN Feels great to know that charts like these motivate retailers to have that early advantage before big guns run the show.