After forming a probable volume contraction and 2 bases formed over 4 years the stocks now showing a tennis ball pattern forming HH-HL. It also broke the confluence of 1. The down trendline & 2. The Supply zone (617-662) with good volumes. We waited for a 1st base to form just for confirmation which was 14 Weeks and 17% range. The stock is sailing above all key...
I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
ALBERTDAVD (W):- 643.4 CMP, Looks good for more upsides :) 1) Multiyear Breakout Done :) 2) Volume Spurts