Double bottom Breakout
IPL gave a strong double bottom pattern breakout with good volumes.
Good volume accumulation is seen at the starting of the second bottom of this pattern which is good sign .
Now it is consolidating at a weekly resistance. This consolidation phase seen with good volumes.
If breakout given at weekly resistance then a good bull run can be expected.
Good volume accumulation is seen at the starting of the second bottom of this pattern which is good sign .
Now it is consolidating at a weekly resistance. This consolidation phase seen with good volumes.
If breakout given at weekly resistance then a good bull run can be expected.
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