UNOMINDA trade ideas
UNOMINDA - Breakout of previous ATH lvlLooking at Weekly chart on UNOMINDA, it has broken its previous ATH lvl today.
Past 2 days have shown good volumes and this weeks volume clearly shows a pop compared to the earlier ones.
Initiated long here with a STOP at 625, expecting 700 soon as long as STOP is not taken out
To keep on Watch List for Breakout Entry soon VCPObserved patterns
Lower Time frame
1) Flag
2) Higher Higher low
Higher TIme frame
1) VCP Squeeze formation on Higher time frame
2) Trend line support
3) Volume dryup during the squeeze. High volume sell off not getting follow through indicating exhaustion setting in..
Break out expected above or between 590 and 620..
View invalid below 520..
You can expect breakout supported by Huge Volume