Tradersasi23

shalpaint - Falling wedge breakout

NSE:SHALPAINTS   SHALIMAR PAINTS
Price forming a falling wedge pattern and it just breaks out in the last session and it couldn't hold the move and almost went 50% down.

One can expect the price to move up smoothly from now.
Trade closed: target reached

Comments

another indicator is 5 ema has cut 13ema and is showing strong signal to cut 26ema as well. so you can very very strongly buy shalimar coz its going to take you on a sweet ride.
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Tradersasi23 nacool_pro
@nacool_pro, You got different methods to confirm, we are on same boat.
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Yes I also feel the same,and it is also forming a bullish piercing candle with a good volume.
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