breakout from a triangle pattern with decent volume

٤ مارس ٢٠٢٤

✅Jagran is showing a breakout from a triangle pattern with decent volume. This breakout suggests a potential continuation of the current uptrend.

✅The Relative Strength Index (RSI), a momentum indicator, has also broken out, indicating strong momentum behind the stock's move.

✅After breaking a previous resistance level, the stock consolidated for 7 months, forming a base before another potential rally. This consolidation phase is a positive sign as it indicates that the stock has built a strong base for its next move higher.

✅In the second chart, the stock has also given a breakout from a rectangle or box pattern, providing further confirmation of the bullish trend.