If we look at the price action of the NSE:SBICARD
in the past period, we may be able to see the W pattern, so called double bottom
pattern and after that NSE:SBICARD
went into consolidation mode for about 1 month while getting trapped into a flat bottom triangular pattern. At the current moment, it looks like it has achieved a successful breakout and may soar price higher.
One may initiate a long position with a stop loss below 995.
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