[Swing Buy] MINDACORP CMP 525 ; BO level - 560 around.
Analysis:
Pattern Formation:
The chart shows three distinct lows at approximately the same price level, confirming the triple bottom pattern.
This pattern is a bullish reversal indicator, suggesting that the stock might be moving upward after breaking out from its resistance level.
Breakout Zone:
The upper blue line acts as the resistance zone.
A breakout above this level with significant volume would confirm the pattern and indicate a potential upward rally.
I may enter once the following are satisfied..
Consider entering after a confirmed breakout above the resistance level (upper blue line), ideally with a volume spike.
Moving averages and price action also indicate positive momentum.
This is for education purpose..do your own research if you want to enter :)
Pattern Formation:
The chart shows three distinct lows at approximately the same price level, confirming the triple bottom pattern.
This pattern is a bullish reversal indicator, suggesting that the stock might be moving upward after breaking out from its resistance level.
Breakout Zone:
The upper blue line acts as the resistance zone.
A breakout above this level with significant volume would confirm the pattern and indicate a potential upward rally.
I may enter once the following are satisfied..
Consider entering after a confirmed breakout above the resistance level (upper blue line), ideally with a volume spike.
Moving averages and price action also indicate positive momentum.
This is for education purpose..do your own research if you want to enter :)
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