✅ The stock is trading within a symmetrical triangle pattern, indicating a potential breakout. It has recently crossed above the 100 EMA, which acted as dynamic support, strengthening the bullish sentiment.
✅ The RSI is trending upwards and is currently around the 63 mark, suggesting increasing bullish momentum. The recent surge in volume further supports the possibility of a breakout.
✅ A successful breakout above the upper trendline, combined with sustained volume, could push the stock towards higher levels, potentially targeting ₹1,900. Traders should monitor for a close above the trendline to confirm the breakout.
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.