15 week base - flat base on daily and more of CUP on weekly charts after strong prior trend of 284%.
Good fundamentals. Sugar sector also moving in sync.
Retest after BO done. Need to hold BO line. Can go for 200 which is ATH.
good long 14 weeks consolidation of 20 % depth.
It's a flat base as per Marketsmith India. if so, its definitely ready for BO.
quiet volume thr' out base and contraction in handle.
Pocket pivot before BO. Good sign.
On weekly, Price contracted beautifully and step wise. Volatility contracted which is eventually being followed by expansion.
Great quarterly results.
12 weeks flat base.
Upper trendline BO with volume.
Volume action in base suggests accumulation.
9 week flat base. consolidation BO
prior trend is not that strong - only 70% up form low.
weekly action is tight with quiet volume followed by BO on high volume.
100 wma and horizontal S/R at around 230. so that may act as resistance.
The Stock has formed a beautiful Flag pole and consolidating forming a flag. One can see a breakout in coming days closing above the flag gives a beautiful long entry and one can look a target of above 490 on breakout. It gives a good risk to reward ratio. Specially this flag formed a good flat base which performs better. I would go long i when it starts trading...