Breakout Imminent after Current Consolidation Phase ends
After a steep rally, stock has taken a breather and is trading in range-bound fashion, with lower volumes, signalling a low volume pullback. As preceding sentiment was bullish, can expect stock to reach higher levels above 44 - 46 - 50. SL should be kept at 41.
Red Line shows bearish trend over past 2-3 years. Green shows long term support line. Light blue is current trend.
Red Line shows bearish trend over past 2-3 years. Green shows long term support line. Light blue is current trend.
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