The price recently had broken the previous resistance level . Flag formation can be seen. Continuous uptrend followed by sideways movement. Bullish break out expected with high volume.
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good work
HI HARI,
It is better to wait till the flag gets breakout and then decide the entry point. Because during the horizontal movement the chances of triggering the stop loss is high and we are not sure whether it will breakout positively.
This is what i felt but i may be wrong, experts please guide us.
good
Today It looks like rectangular sideways movement now. Consolidation is taking place. Volume expected High during Breakout.
RSI OF ULTRATECH