SHREYANIND - Important breakout
Shreyas industries stock is traveling through a descending channel pattern since 2018. Now the stock price is very near to channel resistance. either stock will give a good breakout or continue their journey in the descending channel. But the stock will give a good breakout because there are multiple confirmations
Confirmations:
1-> Stock is trading above the 20 days moving average
2-> Good Volume activity in past days
3->stock is trading near to the 200 days moving average
If the stock crosses the 200 days moving average in a weekly timeframe, the stock will start a bull run.
Buy - after channel pattern breakout
If you like my idea then please follow me the trading view
Keep learning and keep growing
Thank You
Confirmations:
1-> Stock is trading above the 20 days moving average
2-> Good Volume activity in past days
3->stock is trading near to the 200 days moving average
If the stock crosses the 200 days moving average in a weekly timeframe, the stock will start a bull run.
Buy - after channel pattern breakout
If you like my idea then please follow me the trading view
Keep learning and keep growing
Thank You
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.