NSE:TATAELXSI Strong uptrend in this stock today it retested and bounced back from the previous breakout lvls which was also the golden fib zone TP1 - 9266 , TP2 - 964 , TP3 - 10967
Breakout post shakeout is very powerful, this one had two (highlighted in the image). Shakeout is when price falls, comes back up and closes almost equal or minutely in red in a week or one day. The Stock Broke out post that within 4 to 8 weeks ( which is important otherwise the stock is not in a strong uptrend) breaking all resistance on heavy volume.
Weak buyers...
