Jyothi Lab: Rounding Bottom breakout after an year's resistance
Reasons for being bullish on Jyothi Lab:
- Rounding bottom breakout. The bottom is created over last one year.
- The same level is tested this time thrice, since last one year. So long term resistance level breakout.
- Friday's candle is a clear Bullish Tweezer Top (Thursday & Friday candles lows are same, polarity opposite).
- Friday's candle totally engulfs the Thursday's bearish candle.