Symmetrical triangle formed on daily chart. Price broke out of resistance and successfully retested now support previous resistance line. Also noted low volume when price were falling with prior runup on price before formation of triangle chart pattern. Formation of hammer candlestick on bottom of support trendline indicates strong buying. Good short term opportunity.
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Above information is just my view and is meant for educational purpose only. Please consult your financial advisor before making any trade.
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Above information is just my view and is meant for educational purpose only. Please consult your financial advisor before making any trade.
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros