Mr_Financial_Literate

Gravita: Potential Breakout coming up.

Long
NSE:GRAVITA   GRAVITA INDIA LTD
GRAVITA

Hello, all let's analyze this script to check its probability of winning.

Trendline: The Slant line going upside provides necessary support to the price and doesn't allow the price to go below it. The Upside arrows marked in the image indicate the previous support.

Horizontal line: This acts as a resistance to the price and doesn't allow the price the go beyond it. The downward marked arrows show the previous resistance.

Overall: This whole pattern looks like ascending triangle and this shows the continuation of the bullish momentum of the stock.



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