Bullish breakout setup Triveni Engineering
The pattern is nice round bottom setup.
Price has consolidated since end June.
During the down move volume contracted.
During the up move the volume has picked up.
Volatility contraction can be seen.
More bullish bars than bearish bars during volatility contraction.
Entry above 211
Stop loss 192
Price has consolidated since end June.
During the down move volume contracted.
During the up move the volume has picked up.
Volatility contraction can be seen.
More bullish bars than bearish bars during volatility contraction.
Entry above 211
Stop loss 192