the price action is so simple, the stock respected its support and boom!
NSE:EPL expecting a 20% upside movement
EPL Probably, the accumulation of stock has been done & on Friday stock gave a breakout with volumes. Today it has retraced back to its support level, providing a good entry point. Risk to reward looks favorable
Bollinger Band breakout in EPL , also supported by good volumes and MACD crossing the signal line.
DISCLAIMER : . I am not a SEBI Registered analyst. All chart analysis I publish are educational and information purposes only