Expecting a reversal from the current level.But need to stay Nifty postive. Risky players can enter @current level Others can wait for the Cup and Handle Breakout.
✔️Anytime we can see a massive movement in the stock
Reasons for this Stock Selection✔️ 💎The stock was strongly accumulated between 40-50 range,u can see strong consolidation in the chart. 💎The back end data was awesome in the consolidation period. 💎Formed a nyz pattern. 💎Here the Cup with Handle is a bullish continuation pattern. 💎Final Shake Out.Sending those shares into sturdier hands in the market. 💎Low Volume in Handle is the another bullish sign. 💎Low Risk. 💎Promoters increasing their stake. 💎Technically promising chart(All studies explained in the chart).
And I hope This is the Final SHAKE OUT|| Bulls Awaiting✔️😎
weekly chart✔️
About The Business✔️ International Conveyors is engaged in Manufacturing and trading of Conveyor Belting, Trading of Ply Conveyor Belting, Steel Cord Conveyor Belting and fitting and accessories, Generation and Sale of Power.
Hope you guys learn and trade responsibly only after understanding the mechanics behind the pattern🙏
@ANKITHSHAJU, as you predicted, It has now moved to the unchartered territory now I guess. You gave me the conviction to hold it, else I would have definitely sold. So,thank you once again. :-)
ANKITHSHAJU
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@pulicken, 😁thank yourself for ur patience😊.I do nothing😅.