Price and Chart Analysis - 1) Stock gave a BREAKOUT above MULTIPLE RESISTANCE ZONES 2 weeks ago. 2) Now trading and retesting near breakout level. 3) Daily Candle today was a Gravestone Doji after a downtrend, indicating possible bullish reversal hereon. 4) Zooming out, looks like a possible INVERTED HEAD & SHOULDER BREAKOUT and PULLBACK, with VOLUME CHARACTERISTICS ticking all the boxes.
Volume Analysis- 1) Breakout was supported by VERY HEAVY VOLUME. 2) Pullback towards Breakout level has been accompanied by VERY LOW or BELOW AVERAGE VOLUME ( Please see Daily Chart for the Same)
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