PIRAMALFIN: Explosive Box Breakout with Massive Volume Confirmat1. The Structural Perspective: The Consolidation Box
I am taking a LONG bias on Piramal Finance Limited (PIRAMALFIN) on the daily (1D) timeframe.
When analyzing price action, extended periods of sideways movement are incredibly important. For months, PIRAMALFIN has been trapped in a massive consolidation "box" or channel. The price ping-ponged perfectly between the hard support floor at 1701.05 and the heavy resistance ceiling at 1913.20. In technical analysis, the longer a stock consolidates s
Long