it is nicely consolidating between upper & lower trendlines.
for the last 1 year, it has been consolidating within 25% from peak.
respecting upper and lower trendlines well. just took the support at lower trendline and bounced from there.
breakout expected soon.
triangle look a like pattern, but not exactly.
Hi there,
Please follow the chart and wait for a retest on the support zone for an entry. A retest is used here for a double confirmation of to avoid the fake-out move. Feel free to drop any comments in the sections below.
Regards,
Abhishek
The stock is in oversold zone making divergence also getting support from the trend line. Possible long at this level on hourly chart that means it has to be continued overnight to reach the target. A good point to enter long with small stop loss.
