Bullish wolfe wave pattern is formed in IBREALEST.
As a investment strategy stock can be bought at current level for a target level around 250 in Medium Time frame.
Price action higher high and higher low is also generating positive confirmation for the script.
IBREALEST is moving in a traingle for 6 months now. The wicks are spot on the trentline. The last testing of trendline cudnt push it high enough, and its back on the edge. Awaiting a breakdown or reversal. Its closing towards 200 ema.
Anticipating a pull back to 248 and 242 from the Bat PRZ near the channel high @ 263 / 268 zone.
Although anticipating reversals yield handsome returns yet they are associated with high risk. So I suggest to have your own study before following the idea.
Trade Safe, Be healthy.
Hit like if this information is useful.
So here is good triangle formation and there is potential breakout on the cards. IndiaBull has risen up in a jiffy and thats alright, but we aren't aiming for investing purpose. Just a Good Trade for the day with this breakout.