Prakash Pipes Strong Bullish momentum
Updated
Weekly timeframe has broken out of a 2 year long consolidation period, it shows a flag and pole pattern breakout at Weekly R1.
Also note that the consolidation and bounce that has happened is at Fib 38.2%, hence expect strong bullish momentum to continue.
Hence looking for huge upside potential in the Mid to Long term, for a short term can look for the black lines marked in the weekly timeframe.
Demand levels marked in the 75 min time frame.
Also note that the consolidation and bounce that has happened is at Fib 38.2%, hence expect strong bullish momentum to continue.
Hence looking for huge upside potential in the Mid to Long term, for a short term can look for the black lines marked in the weekly timeframe.
Demand levels marked in the 75 min time frame.
Comment
Weekly RSI is 90+, so would not look to add immediately, good to wait for the demand levels marked.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.