Stock has been in a time-based consolidation for around 2 years, and the pattern now suggests the correction phase is complete. This setup aligns with historical cycle behavior — after every long correction phase, a fresh uptrend usually begins.
Past major corrections:
Oct 2007 – Mar 2009: ~62% correction | 560 days (Global Financial Crisis)
Nov 2012 – Jan 2014: ~35% correction | 441 days
Jul 2019 – Mar 2020: ~47% correction | 315 days (COVID Crash)
Oct 2021 – Jun 2022: ~35% correction | 252 days
Jan 2024 – Oct 2025: ~25% correction | 616 days (Time-based correction completing)
Now the stock is showing a Head & Shoulder neckline breakout with strong momentum.
Last 4 consecutive bullish candles have closed with above-average volume, confirming renewed buying interest.
Entry: Enter with 50% capital Above 3800 (Neckline breakout confirmation)
Re-entry: Around 50% retracement of breakout move (if retest occurs)
Stop Loss: Below 3500
Target: 5600
Risk–Reward Ratio: 1: 5
Past major corrections:
Oct 2007 – Mar 2009: ~62% correction | 560 days (Global Financial Crisis)
Nov 2012 – Jan 2014: ~35% correction | 441 days
Jul 2019 – Mar 2020: ~47% correction | 315 days (COVID Crash)
Oct 2021 – Jun 2022: ~35% correction | 252 days
Jan 2024 – Oct 2025: ~25% correction | 616 days (Time-based correction completing)
Now the stock is showing a Head & Shoulder neckline breakout with strong momentum.
Last 4 consecutive bullish candles have closed with above-average volume, confirming renewed buying interest.
Entry: Enter with 50% capital Above 3800 (Neckline breakout confirmation)
Re-entry: Around 50% retracement of breakout move (if retest occurs)
Stop Loss: Below 3500
Target: 5600
Risk–Reward Ratio: 1: 5
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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.
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.