LICI, a strong name about to breakout?LICI is consolidating for almost 130 days (Good period of consolidation) after giving 100% move in 80 days.
-In DTL, BO anticipation if retest again.
-Good shakeouts
-1003 good support (AVWAP from ATH)
Vwaps
BSE, will it breach this AVWAP?Lets learn new thing:
AVWAP (stands for Anchored Volume Weighted Average Price): the average Price of a stock weighted by Volume from an Anchored point (swing low or swing high are good anchor points). Think like moving average but volume also include (not entirely true but to keep easy you can think like that) so it become more powerful as it involves both price and volume.
Now come to BSE, check white AVWAP how it was major resistance and gave fake breakout too. But when it breaches, it gave good Breakout (BO).
Again new blue AVWAP acting as good resistance, now have to check how it acted when it breach this line.
If it will give good breakout, add this powerful tool to your charts.
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