60% Returns in 3 Days! Big Players in This Agriculture Stock?
After trading in the Range for the last 5 – 6 months, the recent shoot-up has pushed prices all the way from 80 to 130. Market Behavior is also exhibiting signs of Institutional activity in the stock. Take a look at the Price Action of the Stock.
Gokul Agro – Price Action Trading Analysis on Daily time frame
Look at the last few candlesticks; we can witness a strong upside momentum and buying pressure in the stock.
There’s a strong support zone at 80.00, prices shot up after testing this level. Based on what we see in the price action, it looks like an institutional Support zone.
Some Big players or insiders must have acquired certain stakes in the company; even the volume built up suggests the same.
To understand how to spot Big players with Price Action, take a look at the video lesson given below.
Keep an eye on this stock; it might end up giving us a good short-term trade. I am expecting a retracement before the upside.
What’s your opinion about this stock? Let me know in the comments.