Reliance on the weekly chart has given a breakout of an ascending triangle pattern and presently prices have revisited near its trend line support.
Counter is trading above its 9 & 21 WEMA which is placed at 2600 and 2560 levels. In the lower pane of the chart, the Relative Strength Index (RSI) oscillator which measures the strength of the trend is reading above 50 levels.
The resistance for the stock is placed at 2760 levels and support for the current pattern is placed at 2538 levels.
Counter is trading above its 9 & 21 WEMA which is placed at 2600 and 2560 levels. In the lower pane of the chart, the Relative Strength Index (RSI) oscillator which measures the strength of the trend is reading above 50 levels.
The resistance for the stock is placed at 2760 levels and support for the current pattern is placed at 2538 levels.
