MAZAGON DOCK SHIPBUILD - Interesting
The stock is moving within a large Parallel Channel almost ready to break above.
Currently a flag formation and inside that a double bottom as well as an Inv Head and Shoulder has been spotted making it even more potent for a breakout.
The volumes show a good accumulation and the MACD would turn positive from very healthy levels with price on the way up giving room for a larger up move.
Do have a look at the Related ideas.
Currently a flag formation and inside that a double bottom as well as an Inv Head and Shoulder has been spotted making it even more potent for a breakout.
The volumes show a good accumulation and the MACD would turn positive from very healthy levels with price on the way up giving room for a larger up move.
Do have a look at the Related ideas.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
If the stock closes below 241, the inverted Head and Shoulder pattern gets violated with the stop loss hit.