In consolidation mode. will hover within the box range. It will have a strong breakout in either direction, when it goes out of the box. Short term it will pull back to 1365 to fill the gap.
Commentaire:
Thermax had a good breakout recently from 1567 to 1897 in last 1 week. I expect this stock to come back and retest the 1567 levels. If it holds above that levels for next 2 weeks, it's in a bull trend. Else it's a fake breakout and we can see the price action within that box for some more time.