We can see a good VCP pattern in this share and xabcd harmonic pattern which are giving targets of 166 in this particular script on monthly we can se a good big bar inside candle
After a heavy volume selling, volume is seen decreasing with a rising wedge/rising channel. This shows probable consolidation before the selling trend resumption! There is also a near bearish engulfing pattern seen the day before!
1. 100 SMA support
2. RSI positive divergence
3. Falling Wedge
4. Hammer pattern offering a small risk to high reward setup
Sometime we jump the gun when opportunities knock & if the risk is very minimal!
