Bharat Bijle Price & Volume contracting.
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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
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
Note
Multi year brekaout complete.Now multi Bagger returns 😃
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