Simple 13 year old consolidation with high volumes.
Stocks give multibagger returns after breakout of such long consolidation.
Longer the consolidation more powerful is the breakout.
Below is Weekly chart.
Perfect high volume breakout bar & Retest.
Never miss out on such setups!
Stock is consolidating in a narrow range.
All chemical stocks have moved, move is pending here.
Formed a morning star pattern on lower end of the range.
Volumes have picked up.
Higher High Higher Low formation visible on larger charts
All observations on charts.
Stock continuously making higher high higher lows. Good healthy uptrend preceding the consolidation.
Entry for safe traders as marked on chart.
Entry for aggressive/breakout traders till it sustains above dotted line at 3145.
Cup and handle is also forming. Check below.
Not good at...
Nifty is stuck in a range since 18 March 20.
On 8th March tried to break the range on upside but the attempt was rejected.
Within next 2 sessions Nifty touched the lower end.
Lower end is also the lower range of the gap that was created during the budget move
After 12th March Nifty took support on lower end. of the range. If you observe it took 3 sessions to...
NIFTY BREAKS 10870-10920 RANGE
(BAR OPEN AND CLOSE RANGE)
HELD ABOVE THE RANGE FGR A WHILE
HENCE EXPECT A NEW RANGE ON THE UPSIDE
BUY NIFTY NEAR 10930
PRICE LEVELS ARE PER CASH LEVELS
PLEASE ADJUST FOR FUTURE LEVELS
OPTIONS TRADE MORE VIALBE