GSFC - Trendline breakout and Good Morning star candle formation

2024년 12월 2일

The price has been consolidating since March 2024, respecting the 188 range on the daily timeframe. Last week, it broke out of the trendline within the wedge. On the weekly timeframe, the candlestick formation resembles a morning star, which is a positive signal. We can expect the price to reach the resistance line of the wedge, around 288 INR. This setup is suitable for swing trading.