AfnanTAjuddin

KABRAEXTRU - Retest of head and shoulders pattern's breakout

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NSE:KABRAEXTRU   KABRA EXTRUSIONTEC
KABRA EXTRUSIONTEC is currently trading above the zone that previously served as a solid support zone.
On the current timeframe and higher timeframes, the stock is trading above the 50EMA and 200EMA, indicating a positive trend.
We can see that the price has returned to test the head and shoulders pattern's breakout, and we can also see that the selling volume is becoming exhausted. The "Wave Volume Divergence" Indicator was used to analyse the volume.
The overall analysis indicates high probability buying opportunity, which is a low risk and high reward.

I am not a SEBI registered individual; my analysis is only for educational purposes.
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