IBREALEST is moving in a traingle for 6 months now. The wicks are spot on the trentline. The last testing of trendline cudnt push it high enough, and its back on the edge. Awaiting a breakdown or reversal. Its closing towards 200 ema.
Share has formed Bullish Harami Pattern followed by Green Candle (shown in blue box) which indicates upcoming uptrend. Relative Strength Index is also supporting price rise. Share Price will go up now.
Anticipating a pull back to 248 and 242 from the Bat PRZ near the channel high @ 263 / 268 zone.
Although anticipating reversals yield handsome returns yet they are associated with high risk. So I suggest to have your own study before following the idea.
Trade Safe, Be healthy.
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