[Swing Trade] NAVINFLUOR CMP - 3630.95Analysis:
Pattern Formation:
The chart shows a symmetrical triangle pattern, formed by a series of lower highs and higher lows. There is a price consolidation and a battle between buyers and sellers I assume, there may be a potential breakout / breakdown.. but if price is above all the MAs and spike in volume, I believe it will definitely give us 30%..
Breakout Zone:
The upper blue trendline (~₹3,750) represents the resistance zone. A breakout above this level signals bullish momentum, and if there is a spike in volume and some sustainability, it can breakout
Smile
Keep an eye on MAs, Volume and breakout of the blue line
Do your own research before you trade this stock. This is purely for education purpose.
