Attaching a 5 day chart with 5 minutes ticks of Time techno plast. Major resistance was around 135 for major part of recent correction in price. Today an attempt was made to cross that level in the last hour of trade. Volumes uptick also seen. Another important observation is the very tight consolidation before this last hour breakout happened for several 5 minutes tick… Its an example of VCP – Minervini pattern on a much smaller time frame. Its too early to say that correction is over, but I have tried to use smaller time frames to see how they can predict end of correction. Fingers crossed. disc: invested as disclosed before.
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