NAHAR SPINNING MILLS - Case study
Watch the following characteristics -
1. Stock made a massive rally accompanied with good bullish volumes.
2. Stock corrected more than 60%, however the bear volumes are extremely low in bringing the price down (Good sign).
3. Stock accumulated for 3 months inside Wyckoff accumulation.
4. Breakout & retest from structure.
VERDICT - Stock can reclaim it's original high in medium term.
Watch the following characteristics -
1. Stock made a massive rally accompanied with good bullish volumes.
2. Stock corrected more than 60%, however the bear volumes are extremely low in bringing the price down (Good sign).
3. Stock accumulated for 3 months inside Wyckoff accumulation.
4. Breakout & retest from structure.
VERDICT - Stock can reclaim it's original high in medium term.