CARBORUNDUM UNIVERSAL (1W TF) - Swing Trade Analysis given on 23rd March, 2024
Pattern: FALLING WEDGE BREAKOUT - Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress
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CARBORUNDUM UNIVERSAL Update (as on 2nd April, 2024)
✓ 8% today in just 5 Trading Sessions
- Our Weekly Target Level has been achieved - Broke out of the Upper Trendline with strong weekly volumes - Did not retest the Demand Zone, however new Demand Zone was created - Partial entry was taken and pyramided into the position as it rose up
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Not
CARBORUNDUM UNIVERSAL (as on 27th April, 2024)
✓ 20% in 20 Trading Sessions
- Retested the same demand zone it created - Solid reveral upmove with strong volumes - Continued its uptrend - TSL is on to maximise profits
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