Descending broadening wedge on ENGINERSIN

ENGINERSIN formed a descending broadening wedge on daily chart. Price broke out of resistance line today with strong volume. Price close high indicating bulls are out there. Note the volume when price falls as it stays below average line indicating sellers are not willing to sell at lower price. This is also confirmed by volume hike when price is moving high. However, wait for close above breakout candle high to enter long. Stop loss can be had just below breakout candle low with target the width of broader side of wedge. Good risk reward on this trade.

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