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kalyanganguly

National Alum - Kind of bullish breakout

Long
NATIONAL ALUMINUM (NSE:NATIONALUM)  
kalyanganguly  
NSE:NATIONALUM   NATIONAL ALUMINUM
Trend Analysis Chart Patterns NATIONALUM
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trendanalysis chartpattern nationalum
Note: This is for educational purpose only.

There seems to be a bullish breakout with high volume. However, I am not too convinced if this is a true breakout or a false breakout due to wick which indicates selling pressure coming in. Need to wait for confirmation on next candle being closed above high of the current candle.
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