6 year old resistance has been clearly broken when breakout happened last week.
Volumes are above average with momentum and trend indicator bullish on all time patterns
It is rounding pattern breakout on long term timeframes too and could be forming cup and handle as well.
Up move is expected to sustain considering all these
#bataindia watchlist stock for potential short term breakout
all timeframes are bullish in momentum and trend.
at a 2 year old major resistance zone and daily volume spikes seen that could be attempting to breakout.
momentum showing a bounce from the support on daily after range shifted from sideways to bullish
rounding bottom on daily seen.earlier june attempt...
The frypan bottom occurs when small real body candlesticks slowly move downward and then move in a neutral to upward direction. The frypan bottom pattern is complete when a bullish candlestick gaps up from the rest of the candlesticks.
Tata Steel Going sideways for few Days and now ready to give BO Trade only if stock is giving Gap up or gap Down Opening Targets...
