LLOYDS Engineering Works Looking Strong..
Great Volume..
Strong Breakout..
Education Purpose Only... Please Consult Your Financial Adviser Before investing..
Please Maintain Strict Stoploss...
Book 70% at Target 1 and Rest Trail and Book at Target 2 ...
Don't Risk More than 1% or 2% of your capital in a single Trade..
Generally Speaking , charts of the same commodity/ equity , tend to have similar pattern sequences which tend to repeat over & over again. They seem to favor certain behavior patterns
This is called as the Fractal Nature of Patterns!
Here in the case of Lloyds Engineering, we can see that the stock usually makes a symmetrical triangle, wears out all the weak...
Technical structure for LLoyd Engg Works shows a slant Volume Contraction Pattern. This is very bullish pattern considering the stock should be in poised in Stage 2. Havent much gone about to the fundamental aspect so please make your own informed decision.
We can see that the stock is poised for a consolidation breakout and an ascending triangle breakout. If the stock successfully breaks out and maintains its position above the resistance level, it is likely to experience an upward movement in the coming days.
