Stage-1 : Accumulation Volume is rising remarkably from last 3-4 days. This late accumulation near breakout tells us that It will be accumulated more. So It may perform as a short trend upto 50% (592.95) of the swing started at ATH swing high to recent swing low.
Stage-2 : It is started when price has crossed 480.5 and looking for a retest.
The Idea will fail if last 4 days accumulation erase dramatically.
Stage-2 : It is started when price has crossed 480.5 and looking for a retest.
The Idea will fail if last 4 days accumulation erase dramatically.
Note
Such an agressive accumulation drive is going on by Institutions. No hurdle seems critical for them right now. The price is just Flowing. It means they are getting this stock for a best value to hold for next 2 years and targetting multifold returns from this price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.