Graphite was one of the good fundamental stock atleast until before the lockdown. I think it was gem at 120 which was almost doubled in the 2 weeks rally.
A break out of the wedge can take this stock may make it a multi bagger??
During the formation, there are a few indicators that can be used to determine whether the pattern is a real pattern or a disguise.
This formation typically moves toward to the right, and the volume should be decreasing, showing a divergence between price and volume. The second indication is to look for how far the retrace has advanced from the beginning of the...