BSE - Triangle Pattern with dried Volumes

18 Nis 2022

BSE has moved aggressively after breaking the 785 levels and moved towards 1050 levels with in 3 sessions with high volumes. From there profit booking followed and used 875 as support which is the close of BO candle. In last 3 weeks it formed descending triangle pattern respecting the trendline and support line. In this process volumes have dried up. A decisive move above 880 i will GO LONG. If 880 is broken down wards do not see support till 785. Not holding the stock and will add if 880 levels are sustained.