Chances of Breakout
As you can see from the patterns, Stock is in Consolidation phase.
On the top of that it is forming a Ascending Rectangle Pattern.
Since VWAP is also around,a buying oppurtunity could occur if its above the Resistance and also the VWAP.
Whenever the price is in consolidation , there will always be a strong momentum towards one direction.
Would go for Long oppurtunity above 1981
If seller take control of the market,would prefer selling if support breaks.
On the top of that it is forming a Ascending Rectangle Pattern.
Since VWAP is also around,a buying oppurtunity could occur if its above the Resistance and also the VWAP.
Whenever the price is in consolidation , there will always be a strong momentum towards one direction.
Would go for Long oppurtunity above 1981
If seller take control of the market,would prefer selling if support breaks.
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