Poly Medicure – Educational Chart Breakdown
(SEBI Reg. INH000019886 | For Learning Purpose Only)
The chart is showing a Triple Bottom formation near the lower demand zone, supported by a falling wedge, both of which are typically bullish reversal patterns.
🔍 Key Observations
Bottom 1 → Bottom 2 → Bottom 3 forming a strong base around the same support
Price respecting the lower Bollinger band, indicating exhaustion in selling
Falling Wedge structure still intact — a breakout above the wedge can trigger momentum
Volume spikes near bottoms show buyer interest returning
Indicators turning slowly upward from oversold regions
🎯 Edu Levels
Support Zone: ₹1840 – ₹1855
Immediate Resistance: ₹1920
Breakout Level: ₹1955
Pattern Target Zone: ~₹2120
📈 Summary
A triple-bottom + falling-wedge combo usually signals a potential trend reversal. If price closes above ₹1955 with volume, the structure opens a move toward the higher target zone.
⚠️ Purely for educational & learning purposes.
— AALGO BREATHS
Disclaimer: https://aalgobreaths.com/disclaimer/