lower low formation break out !
GODREJ AGRO
1. Yellow line indicate the support on the weekly time frame , white lines indicate the resistance !
2. arrow pointing towards the volume
3. Now its a clear break out of the lower low formation , volume acting as a confirmation signal.
4. here i have also pointed out two possibilities one is the bo and the second buy on yellow supportive trendline if it come comes down.
5. Also fundamentals having a turnaround since their is shortage of palm oil !
1. Yellow line indicate the support on the weekly time frame , white lines indicate the resistance !
2. arrow pointing towards the volume
3. Now its a clear break out of the lower low formation , volume acting as a confirmation signal.
4. here i have also pointed out two possibilities one is the bo and the second buy on yellow supportive trendline if it come comes down.
5. Also fundamentals having a turnaround since their is shortage of palm oil !
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