This is 1D timeframe.
After a good bullish rally it went in a consolidation for last 3 months and now showing some strength.
1] Last day it had gave breakout from this bullish pennant pattern,
with a strong Bullish Belt Hold candlestick type.
2] It have recently gave strong rejection to bears and have formed bullish hammer at support trendline.
3] Volume increment with breakout.
It is near it's short term resistance(R1) which is at 249-252.
If this is broke by it in next coming days and give a closing, then there is high propability that it may hit it's 52 week high.
This post is for information purpose only.
After a good bullish rally it went in a consolidation for last 3 months and now showing some strength.
1] Last day it had gave breakout from this bullish pennant pattern,
with a strong Bullish Belt Hold candlestick type.
2] It have recently gave strong rejection to bears and have formed bullish hammer at support trendline.
3] Volume increment with breakout.
It is near it's short term resistance(R1) which is at 249-252.
If this is broke by it in next coming days and give a closing, then there is high propability that it may hit it's 52 week high.
This post is for information purpose only.
12.7% in just two weeks.