-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...
Radico Khaitan, a major alcohol manufacturer in a very long base(~200 days)
Long base = Big Breakout (check recent example Gravita India)
-Kind of Inverted Head n Shoulder too
-Good shakeout of 200 dema too
-Recovered fast from 4th june fall with good vol and price action.
-Long base BO then
Elections results create volatility but
Setting up again:
-Recovered fast with volumes then red candle on low vol n bounced from 10 ema
-Defence stocks are making good setups
-Good shakeout of 21 ema
-tightness
