paddymajhi

paddymajhi

following in range past 14 days seen all time high but no major correction as price is in range suggest its time correction and is ready for next move

paddymajhi

triangular pattern breakout whose top vertex level is same as 52 week high seen good consolidation

paddymajhi

now at support of 52 week base

paddymajhi

following in 3 year long channel tried breaching level in march when covid case were increasing now again a above average volume that can be comparable volume needed at breakout is accumulating at important level script is close to breakout level from mid line

paddymajhi

5 year long symmetrical triangle in getting converge recently formed triangular pattern and breakout now the retest level of triangular pattern and midline of long 5 year symmetrical triangle is same

paddymajhi

sustained selloff from top this week above average volume to act as a base from lower level

paddymajhi

u-shape pattern break volume above/at the average indicator look good

paddymajhi

v shape recovery from last try at breaching all time high now seen volume accumulation at high indicator supporting but current strength value indicate it is above overpowered level of 80 (best 60-70 for breakout)

paddymajhi

round pattern currently at base point 20 day ema just at below

paddymajhi

need volume for successful breakout

paddymajhi

all time high stock don't have obstruction only need is buyer and volume

paddymajhi

consoildation either suggest breakout or power of bull

paddymajhi

profit booking from 52 week high not a single day buyer shows rejection now price is around 0.5 fibo level just above 20 day ema can be a short covering can be seen

paddymajhi

best price entry - 780

paddymajhi

good for taking position now or at retracement

paddymajhi

no profit booking happened at top flowing in asymmetrical triangle volume is contracting and as bearish move is not able to drag down it can be right time to take position

paddymajhi

few back back 52 week high is broken and sustained stock is rising up with short covering no much profit booking is significant suggest investor holding major position

paddymajhi

all data given in chart