WEEKLY CHANNEL
- The diamond formation in unitech weekly chart
- Diamonds are usually considered as bearish patterns. But for me the break out depends up on how the price enters the diamond formation.
- There is a weekly channel formation and the price is trading on a trend line within the channel. so this seems to suggest the current up move to continue till the trend line holds.
- The volumes are also getting lower and increased volume during break out may help in finding the future direction.
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