coromandel
continuation post…
lps formation under way, sign of strength should be the next even followed by the final lps…
was expecting this down swing volume to be lesser than the previous shakeout vols , but looking at the relative picture the length of the downswing is significantly lower then the previous 2, which the vol of 8lakh share transaction si similar to the previous shakeout at 9 lakh share transaction…
which shows the bulls are taking control of the trend…
the quality of the oncoming rally, will be significant clue as to how much supply has been absorbed and still left to be absorbed in the lps…
disclaimer… initiated small position @409 planning entry in the final lps at 445