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Jyothi Lab: Rounding Bottom breakout after an year's resistance

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JYOTHY LABS LTD (NSE:JYOTHYLAB)  
pradipandsuvra  
NSE:JYOTHYLAB   JYOTHY LABS LTD
Chart Patterns Technical Indicators indianstocks stocktobuy stocktowatch stockfortomarrow indianstockmarket JYOTHYLAB
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chartpattern indicator indianstocks stocktobuy stocktowatch stockfortomarrow indianstockmarket jyothylab
Reasons for being bullish on Jyothi Lab:

  • Rounding bottom breakout. The bottom is created over last one year.
  • The same level is tested this time thrice, since last one year. So long term resistance level breakout.
  • Friday's candle is a clear Bullish Tweezer Top (Thursday & Friday candles lows are same, polarity opposite).
  • Friday's candle totally engulfs the Thursday's bearish candle.
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