Thanks, saw it on icharts.in but cant make much sense of it, everything seems bullish tho. Sharp trend reversal, third touch on a trendline etc.
What would worry me is volumes are low and theres a huge gap-down with a flat top the following day [stock didnt even try to rise after open], but then that happens at times when the stock tries to 'seek' a support, however it could also be a 'bad news' gap down. Moreover some buyers will always tend to come in at every support, thsi could be mis-leading. OR the stock could head up to the gap to either test it or rise thru....
in short, cant make out whats going on, any inference would be just speculative
What would worry me is volumes are low and theres a huge gap-down with a flat top the following day [stock didnt even try to rise after open], but then that happens at times when the stock tries to 'seek' a support, however it could also be a 'bad news' gap down. Moreover some buyers will always tend to come in at every support, thsi could be mis-leading. OR the stock could head up to the gap to either test it or rise thru....
in short, cant make out whats going on, any inference would be just speculative