after a long period of consolidation(921-1084) it has given a break out and volume expansion is not great but volume of break out candle is good. weekly chart is some what is bullish
Price is trading in a range and it is getting ready to breakout from the dARVAS box. AS you see in the chart, RSI is keep on rising and the price isn't supporting the same, that forms a positive divergence. Note: Not a SEBI registered, education purpose only. THANK YOU
Kotak bank chart looks interesting for me, while many private and PSU banks has rallied a little bit, this bank has not moved that much and the price is consolidating is a narrow range. And look at the RSI setup, it is gradually increasing daily which clearly tells you the price is getting ready to breakout soon.
In SIKA always before big movement they trade in sideways few weeks. now again they give breakout Add 380/360 we seen 411/444/477/512+ Note : all views are education purpose only.
Hello everyone. V-Bottom happened on the weakly. Volume Increase on rallies and decrease on corrections. Darvas box pattern - you have a shoot up and then the price consolidates within a box range... The stock was in a very long downtrend without any signals of reversal until now. Checked also the weakly chart. Basic materials are advancing.
Target Price 25263.84 ; 26701.44 EMA 10 Close 23549.03 EMA 20 Close 23496.56 Low 23501.39