Shriram city union given a positive breakout on multiple criteria, earlier broken downtrend line resistance now break horizontal resistance line and closed above on weekly chart macd also positive and good breakout on Bollinger bands with gaining volumes
Cause of long
1- Buying absorptions after breaking downtrend line
2- Horizontal resistance breakout
3- Bollinger bands breakout
4- Gaining volumes followed with gaining price
Cause of long
1- Buying absorptions after breaking downtrend line
2- Horizontal resistance breakout
3- Bollinger bands breakout
4- Gaining volumes followed with gaining price