CUP AND HANDLE PATTERN INDICATING THAT THE STOCK IS READY FOR A GOOD BREAKOUT
GREAT TIME TO ENTER FOR SWING TRADING.
DOUBLE BOTTOM AGAIN SUGGESTING THE STOCK IS BULLISH
All the relevant ideas are mentioned on the chart.
Bonus:
Recent bounce on both Fibb Retracement and Fibb Channel supports the idea of an up move.
- Volumes are steadily increasing
- The Ongoing Maritime summit is supporting the industry.
- The third Scorpene Submarine by MAZDOCK is to be stationed on March 10th.
- India is of the vision to develop its Inland...
good oppurtunity to go long on mazadock
formed w pattern and about to retest
wait for the retest and go long with sl around 221 with tp of 230 and above ;-)
The Stock has been into bullish trend for a long and has been consolidating at the current levels.
The breakout happened yesterday, today the trendline is tested.
One can see an upmove in short period.
Trendline Observation(s). A simple trendline breakout on 30M Chart of MAZDOCK. BUY above 218.50. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
