Data Patterns, a defence and aerospace proxy ready to move?-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc)
-from strong sector (sector is always imp as strong sector's stocks move faster)
-Good shakeout and Fake-out also there means kicking weak players by hunting their SLs (stoplosses)
-Inside Bar on latest candle
-Volatility contraction
Defencesector
BDL LTDBDL LTD...stock is trading in the range of 455 to 360 for more than five month....stock break all previous level...makes ath...
also rsi cross above 60 monthly charts showing long term strngth...
in jan month stock made invitation for trade..
generally monthly charts is used for investment.
target:555
time:4.5 month