AMRUTAJAN HEALTH LTDPembelian
Amrutanjan Healthcare: Awaiting Breakout
Looks like a nice Wyckoff Re-Accumulation. Notice the steady drop in volume as the range progressed. This is a typical sign of accumulation. Sellers dry up as buyers lap up available supply. Notice the spike in volume in the current bar. Indicates buyers are getting aggressive.
A breakout past the top of the range at 540-ish would be a sign of strength and would push the stock in a mark-up phase.
A breakout past the top of the range at 540-ish would be a sign of strength and would push the stock in a mark-up phase.
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