Scenario 1 - Its at a very right place to burst upside that will be very ideal and a profitable, here I can see pattern with in a pattern and both are bullish. First is the triable pattern which is clearly formed and second is a potential inverted head & shoulder pattern that may form in coming days. To activate this pattern its very important that it stays above 0.475 once it breaks the resistance with big volume that is 0.50 we will see aggressive buyers coming in and pushing it higher and higher. For not its looking very good i would recommend to buy atleast some quantities at the current level so that you dont miss the breakout and once the resistance is broken more quantities can be added.
Scenario 2 - If the pattern fails it will drop back to lower levels and trigger more sell which obviously we dont want to see.
Since there are 2 bullish patterns and market is also positive i think it may break to the upside most likely. Even in higher time frames this stock is bullish!!!
Hit like & follow guys ;)
Scenario 2 - If the pattern fails it will drop back to lower levels and trigger more sell which obviously we dont want to see.
Since there are 2 bullish patterns and market is also positive i think it may break to the upside most likely. Even in higher time frames this stock is bullish!!!
Hit like & follow guys ;)