Bharat Bijle Price & Volume contracting.

Stock has narrowing down candle by candle.
There is price as well as volume contraction.
This price movement precedes a big move.

Stock is consolidating since 2009. Stock is on the verge of multiyear breakout. Stock is being accumulated as evident by volumes. check image below

Simple wedge pattern on daily time frame

For attempting a breakout trade place SL at 1175

Kommentera:

Multi year brekaout complete.
Now multi Bagger returns 😃