Multimonth consolidation breakout
Such kind od breakout are rare to spot. My experience says that such kind of multi month consolidation breakout results in 3x - 5x kind of return. I had the privilege to spot few such breakouts in Vadilal and Nilkamal . Volume was exceptional on breakout may be because of overhang of previous investors who got stuck at that level in 2007. It many consolidate for some time in between 110-70 and then start next upmove.
If you like the explanation then please hit like button.
Disc : it's not an investment advice to buy or sell
If you like the explanation then please hit like button.
Disc : it's not an investment advice to buy or sell
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.