HONASA CONSUMER LTD
Long

HONASA: Ascending Triangle Breakout with volumes

291
After all the love I received on the NBCC chart, here I bring another very similar chart from the consumption sector.

As I see that the consumption sector is now the one to be watched out, it is better to place our bets there.

These are some points to note:

1. The base formation that absorbed all the supply from 5 months.

2. Price trading in higher-highs and higher-lows formation from April.

3. Breakout candle is great in size with big volumes. Volume support has been good on green days.

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