Looks like a clear trend reversal in this stock.
Huge buying volumes.
I still prefer to wait for weekly closing as that will be clear evidence of
Super trend finally turning green.
Targets : Open
Only for educational purpose. Not a reccomendation.
Inverted FLAG & POLE pattern.
Double Bottom Pattern.
If this area acts as a support, then news are good and this can give 10% profit on an intraday and more than 50% in 2 months.
New is good, Tie up in business with ADANI, Newspaper, etc.
This stock is technically too weak almost near its all time low. The stock marine electrical is putting no more lower lows from a harmonic bullish bat pattern which is sign of trend reversal . Other confirmations can be a trend line breakout and higher highs higher lows formation
If anyones looking for a high rewarding low risk stock but rate of sucess is too low...
• On the daily chart, the stock has witnessed “Monthly Resistance Trend Line Breakout” breakout around 76-85 levels which signals resumption of the uptrend Huge volumes on the breakout , signals increased participation near breakout zone