✅ The stock has been trading within a long-term symmetrical triangle pattern, with the price recently breaking out above the upper trendline around ₹460. This breakout suggests a potential shift from consolidation to a new bullish trend.
✅ The breakout is confirmed by a significant increase in trading volume, indicating strong buying interest. The RSI is trending upwards around 65, signaling building bullish momentum.
✅ With the breakout confirmed, the stock could aim for higher levels, with potential targets around ₹560 and beyond. Traders should watch for a sustained close above the breakout level to confirm the continuation of the bullish trend.
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
يعمل أيضًا:
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.