Positional Long Trade on Heritage Foods
Price and Chart Analysis -
1) Stock gave a BREAKOUT above MULTIPLE RESISTANCE ZONES 2 weeks ago.
2) Now trading and retesting near breakout level.
3) Daily Candle today was a Gravestone Doji after a downtrend, indicating possible bullish reversal hereon.
4) Zooming out, looks like a possible INVERTED HEAD & SHOULDER BREAKOUT and PULLBACK, with VOLUME CHARACTERISTICS ticking all the boxes.
Volume Analysis-
1) Breakout was supported by VERY HEAVY VOLUME.
2) Pullback towards Breakout level has been accompanied by VERY LOW or BELOW AVERAGE VOLUME ( Please see Daily Chart for the Same)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.