The stock made an Adam & Eve Pattern, pattern breakout was seen but only 10% of return was given, it won't be good to say that it was a false breakout.

Stock took a support at the rising Trend Line, where we saw a Doji which indicates a pause in trend. Next day the stock opened below the Doji and closed above the doji which indicates buyers were waiting for the price to come down so that they can start buying. Next day the stock closes above the Resistance Line where we have seen a shaven bottom, which is predicting that buyers are aggressively buying the stock.

If the stock closes above 2160 for one more day we might see more buying coming in the market.

Macd is below 0 and crossover below 0 can give a good confirmation as well.

Buying Opportunity

Jul 22 2021

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