Approaching Key Resistance with Strong Support from 50 EMA

١١ أغسطس ٢٠٢٤

✅The stock is in a strong uptrend, consistently forming higher highs and higher lows, supported by the 50 EMA and an ascending trendline. The stock is now approaching a key resistance level around ₹520, which has been tested multiple times. A successful breakout above this level could lead to further bullish momentum.

✅The 50 EMA has provided reliable support during pullbacks, maintaining the stock's upward trajectory. The confluence of the 50 EMA and the ascending trendline reinforces the strength of this support zone.