Very likely on the path to a Breakout. Continuous formation of Higher Lows suggest buyers stepping in at almost all price points.
Stock also looks strong across most TFs except for the Daily. However, this could trend like Tinplate.
Market is volatile. So take your trades with a little caution.
ONE May enter to this level for an open tgt , volume is good and patten is also in better pattern ,
with stoploss of 313 for short term and 293 for long term .
i have also suggested this scrip on lower level earlier you may check on below link .
The company has declared a good set up of numbers on 22nd July.
Profit after tax is up by 48%
Sales are up by 36%
The price is now hovering near the previous Resistance which now acts as a support
Tight price range near the support level. Look at the small candles.
Price goes up with rising volume on 23rd Aug.
Any pattern may falter depending on the overall...
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 )
All investments involve risk.
Please Do your analysis before initiating Any trade
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.