AWL : CYPER PATTERN - CLUSTER SUPPORTS -EIFFEL TOWER VOLUME

Adani Wilmar Ltd. is an interesting chart with following

1. RSI on daily and weekly above 60
2. Price Consolidating between 285- 390 for almost last 8-9 months
3. Price trading above 14, 50, 64, 100, Day SMA and Above 20,50 Week SMA
4. Cluster of Averages support at 340-342-346-350 zones
5. Super Trend turned bullish on weekly chart
6. Cyper pattern under formation on Weekly chart.
7. Price gain with huge Eiffel Tower like Volume Bars.

Can be a good risk reward with buy on dips and dips near cluster of support and / or above 400 levels once price breaks out of consolidation channel and retests the same as per one's own risk reward setup

Lets See How it Evolves.

Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.