Sanghavi-monil

Sanghavi-monil

Lauras Labs are looking at a possible retracement. Since the post lockdown rally the stock has retraced around 50% both the times. The first bullish wave stood for 21 sessions and the second wave for 25 sessions. For the third wave, 19 sessions rare done. Today it made a Doji Candlestick pattern. Wait for consirmation to check for retracement

Sanghavi-monil Updated 

Double Bottom Breakout --> Target Achieved. It starts consolidating, forming a flag pattern. The volume has dried up and has showed a spike in volumes yesterday i.e. 18.07.2020. Breakout possible on charts could give nice return.

Sanghavi-monil Updated 

Near BO Zone

Sanghavi-monil

Long with target of 220. The price movement has reversed after retracing 62%.

Sanghavi-monil

Important support zone + Fibonacci Retracement level of 61.8 The RSI is also above 50 and there is also volume spike for the previous two days

Sanghavi-monil

Possible reversal. Wait until tomorrow to be sure and look at the volumes too.

Sanghavi-monil

If it breakouts of the ascending pattern and Volatility Contraction Pattern.