AMI Organics Ltd
NSE: AMIORG
On 15 May 2023 AMIORG gave a Rectangle Breakout after multiple retests with a massive breakout volume.
After a small follo-through; a sharp downmove with low volume retesting the rectanlge pattern.
Likely to consolidate near the pullback zone; and move above 1300 to fly higher.
Strong close above 1300 confluences the pattern with 1100 stop and target of 1450 can move higher if trend sustains above 1300.
NSE: AMIORG
On 15 May 2023 AMIORG gave a Rectangle Breakout after multiple retests with a massive breakout volume.
After a small follo-through; a sharp downmove with low volume retesting the rectanlge pattern.
Likely to consolidate near the pullback zone; and move above 1300 to fly higher.
Strong close above 1300 confluences the pattern with 1100 stop and target of 1450 can move higher if trend sustains above 1300.