- Stock has been in Triangle Structure for around 10 Years!
- Stock has given breakout of this in 2017 Year and given around 250+ points rally.
- Since Year 2018, it is in downside movement. This movement looks like a Pullback structure rather than a (enough evidences to not consider as the can be seen on the chart by relating it a long year triangle breakout.
- It took the support as usual at the lower S&D area, please refer the chart where it has been marked with light-blue area.
- Even before touching this S&D area, it has got good when its pullback was about to complete. It clearly shows strong participants in the stock.
- Then as impact of Covid-19, we can see 3 back to back WRC(wide range candles) but see the that looks less than previous volumes when price was moving up.
- Seeing the structure as of now, we comes under impression that stock is clearly in mood of joining its Breakout-rally trend (Uptrend) after completing the Pullback structure.
Weekly Chart Study
- No Buy/Sell recommendation, only study and information purposes only.
Join for pure Advance Price & Volume Analysis Course
with nominal tuition fee 5,000/- INR per month