Gokaldas Exports
CMP 388
Well- we’re bit doubtful here – whether it is Stage 1 ( from where Stage 2 can start) or it in Stage 3 ( a breakdown can take it to Stage 4).
We don’t see any clear impulse wave from its recent rally from 328 – that increases the doubt whether the rally has long term legs or it would fizzle out after some more upside.
Weekly Side
Hence if we have to enter in it , we will wait for a clear breakout above the range – and more volumes.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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