kokuyo camlin- An interesting Price breakout with volume ABCD
Kokuyo Camlin Ltd. is an interesting chart in momentum
1. RSI on all time frames above 60
2. ABCD pattern under formation on weekly chart
3. Price Breakout after almost 3 month's consolidation
4. Breakout with high volume on weekly close basis
Can be a good risk reward with buy on dips and dips only as per one's own risk reward
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. RSI on all time frames above 60
2. ABCD pattern under formation on weekly chart
3. Price Breakout after almost 3 month's consolidation
4. Breakout with high volume on weekly close basis
Can be a good risk reward with buy on dips and dips only as per one's own risk reward
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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