GREENPLY INDUSTRIES – Monthly Chart: (CMP 186; Currently trading at Nov2014 levels)
- A smaller slant breakout can be seen, volumes have risen in weekly chart, with increasing deliveries.
- A Multi year channel being respected
- RSI heading towards a breakout
- Previous Slant breakout in 2012 led to a bull run in the stock.
- Similarity in setups from 2007-12 and currently from 2018 Jan top to 2023
Safe to assume bullish bias ahead, with bigger slant breakout leading to large up moves.
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