Breakout Imminent after Current Consolidation Phase ends

١٥ ديسمبر ٢٠٢٠

After a steep rally, stock has taken a breather and is trading in range-bound fashion, with lower volumes, signalling a low volume pullback. As preceding sentiment was bullish, can expect stock to reach higher levels above 44 - 46 - 50. SL should be kept at 41.

Red Line shows bearish trend over past 2-3 years. Green shows long term support line. Light blue is current trend.