Double bottom in LMW

Very good double bottom seen in Lakshmi Machine works.

After break of neckline price have come back to test the support.

Very good low risk long entry with SL of 10500

Targets of 11700 and 13900 possible

Trade attivo:

SL 10500

Commento:

11700 achieved but buying interest is good. Likely to make new high.
Updating SL to last week low ie 12150.

Trade chiuso: obiettivo raggiunto:

selling pressure seen at 13750 levels.
Better to book profit.