On weekly, Price contracted beautifully and step wise. Volatility contracted which is eventually being followed by expansion.
Great quarterly results.
12 weeks flat base.
symmetrical triangle.
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.
8 week flat base. a flag pattern. previous trend is sufficiently digested now. Broke the upper trendline with pocket pivot. also its off 50 DMA.its also holding the gap up line.
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-12 times.
