SMS life science has been doing quite well for some time now. After the earlier gapups formed back to back in Sept 2020 , the gaps were filled subsequently and it has been forming a type of penant. The numbers are going to be announced on 7th of june i.e tomorrow and caution should be maintained if the trade is executed. A good chance that the stock should...
Concor looking good on charts
Breaked out of the penant
610-615 looks good buy zone
( Educational Purpose )
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Good luck !
as we can clearly see after the channel breakout the consolidation period is continue and there is a pennant pattern making which is again ready for the breakout ..for the confirmation the MACD indicator also shows the BUY signal in the chart.
if it breakouts we can go for the long... we can also wait for for the retest.