✅ The stock has been trading within an ascending channel, and it recently broke above the upper trendline around ₹1,659, indicating a potential continuation of the bullish trend.
✅ The 50 EMA has acted as dynamic support throughout the channel, consistently providing a base for the stock's upward movement. The price recently bounced from this level, confirming the strength of the trend.
✅ Volume has increased significantly during the recent breakout, confirming that buyers are stepping in and providing support to the move higher.
✅ The RSI is currently at 67 reflecting strong bullish momentum. If the RSI continues to climb into the overbought zone, it would confirm the breakout and support further gains.
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.