3M India Ltd (Weekly Timeframe) - Potential Breakout

75
Past few weeks, the stock has been in an uptrend and has breached the short-term weekly resistance during this week with HUGE VOLUME. Next target for the stock is to breach the weekly resistance zone near 32,405. During the week, a positive cross-over of EMAs has been established, indicating positive signs. With this week's bullish candle, the stock has made Higher Highs (HH) while breaching the short-term weekly resistance.

Keep a watch on the stock for next week.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.