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Roundingbottom

MULTIPLE PRICE VOLUME BREAKOUTS IN GUJALKALIGUJALKALI is poised for one of the biggest breakouts 1. On a weekly time-frame it has already broken out of a rising parallel channel that has been under construction since a year and a half 2. Again it has broken out from below a rising trend-line that runs for a span of more than four years 3. Now it is poised to break out of a large rounding bottom pattern that has been under construction since almost three years 4. Massive volume breakout :The buying volumes recorded in these breakouts are almost at a high of more than ten- twenty years 5. Chart wise the first target comes out to be 935 which was the ATH registered earlier, FIB extension quotes second target destination at 1285 6. One of the possible reasons behind this traction can be the mammoth price increase in its major product-line contributor, caustic soda
NSE:GUJALKALI
by harshad_009