Chart Pattern Double bottom formation Volume > 20 MA
Breakout after long consolidation with resistance Volume above 20 MA Increase in volume RSI > 60
Bullish view Resistance Broken RSI > 60 in daily weekly monthly time frame Volume rising
Was in consolidation for few weeks. Broken the resistance . Voulme is supported . RSI > 60 in Daily Weekly and Monthly time frame. Showing strength . Outperforming Pharma Sector .
Rising Wedge formed on daily chart . Upside still range can go upto 360 Rs . RSi above 60. Today it has formed Doji candel tomorrow will be decing factor for which direction stock will move
Looks Bullish Double Bottom completed Trendline breakout given Resistance broken Volume looks good
Explained the price action with respect to the chart pattern formed