Aster DM Healthcare | Bullish Rectangle Pattern Breakout

 


Aster DM | Bullish Rectangle Pattern Breakout

Stock Name: Aster DM Healthcare

Pattern: Bullish Rectangle Pattern Breakout

Time Frame: Daily

Observation:

After giving the strong breakout of symmetrical Triangle Pattern on 14 July 2022 the stock gave a huge rally of 22% and the stock faced resistance from its ATM level. Then the stock went into consolidation phase and now the stock has formed Bullish Rectangle Pattern on Daily Timeframe. Also, stock has given a breakout of its rectangle pattern on 02 November 2022 with good volume spike. So, in upcoming trading sections we might see a strong upside move in a stock.


You may add this to your watchlist to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

 


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