GPIL Bullish looking in 3 HTF!#The Pattern is a simple Support and Resistance
Points to Look:
1.The Channel Pattern is slanted downwards, this pattern has a high success rate!
2.Inside the pattern the recent trend is Bullish (Bullish Candle)
3.There is 'W' shape recovery(21 July 2022 to Now) in the trend which is also a good bullish sign.
4.There is a chance of CONSOLIDATION and tern break-out! be patient, also given the approx. Entry Prize in the chart.
5.Despite all this wait for a confirmation bullish candle above 20EMA in 1 DTF tomorrow and then take the position.
$Happy Trading Mates$
