India Top Luggage Industry stock ready for Big Upmove
Safari one of the leading brand in luggage industry in India. On chart we can clearly see that stocks at breakout zone after 10 month consolidation.
If you observe the Stock previous behavior you can notice that after a movement stock goes into consolidation zone and then give breakout and then consolidate near the breakout area for some time, after that it goes strong up move
So here, we can expect two situation
1. Stock Cross this week high with good vol then we can expect sharp up move
2. Price might be consolidate in that zone and after few weeks we can expect big upside in upward direction.
Also Notice the Vol. Bar where you can observe that when stock goes in consolidation zone the Vol almost flat , which is good sign for the stock.
If you observe the Stock previous behavior you can notice that after a movement stock goes into consolidation zone and then give breakout and then consolidate near the breakout area for some time, after that it goes strong up move
So here, we can expect two situation
1. Stock Cross this week high with good vol then we can expect sharp up move
2. Price might be consolidate in that zone and after few weeks we can expect big upside in upward direction.
Also Notice the Vol. Bar where you can observe that when stock goes in consolidation zone the Vol almost flat , which is good sign for the stock.
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