beautiful breakout after a a long consolidation. rising adx value indicates upcoming momentum. Bullish engulfing at the breakout candle.
KEEP YOUR EYES OPEN TO TRADE BREAKOUT. BUT DONOT ENTER WITHOUT IT GIVING A CLOSING.
IT STOCK HAS LOW ADX VALUE INDICATING A REVERSAL OF ADX. THIS CAN LEAD TO A HUGE MOMENTUM IN EITHER UP OR DOWN . AS THE SCENERIO IS LOOKING BULLISH, THERE IS HIGH PROBABILITY THAT IT CAN GO HIGH ATLEAST 5-8 PERCENT FROM NOW.
Triple bottom along with breakout followed by supply and demand break ,good price action.
Many confluences for a huge market movement.
Reasons to buy - support form trend line - double bottom formed - rejection from support and bullish sentiment.
fib 0.328 level, previous structure zone, decent rejection