ABCAPITAL - Rising Wedge Pattern breakout (bear)

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Current Price: ₹281.00

RSI (Relative Strength Index): 55.43 → Neutral to slightly bullish (above 50 but below 70).

✅ Support and Resistance

Supports:

S1: ₹268.00

S2: ₹271.35

S3: ₹271.60
Price is holding above key supports, which provides a cushion for buyers.

Resistances:

R1: ₹282.65

R2: ₹284.00

R3: ₹289.60
Stock is near immediate resistance (₹282–284 zone). Breakout above ₹289.60 could open higher levels.

✅ Fibonacci Levels

23.6%: ₹113.36

38.2%: ₹147.57

50.0%: ₹175.22

61.8%: ₹202.88

78.6%: ₹242.25

Current price (₹281) is well above the 78.6% retracement, indicating strong recovery and continuation of the uptrend.

✅ Moving Averages

Short-Term:

EMA5 = ₹283.68, SMA5 = ₹285.46 → Price slightly below → mild short-term weakness.

EMA9 = ₹281.96, SMA9 = ₹282.28 → Price hovering around → neutral.

Medium-Term:

EMA20 = ₹276.99, SMA20 = ₹273.83 → Price above → bullish medium-term bias.

Long-Term:

EMA50 = ₹265.27, SMA50 = ₹270.89 → Price above both → strength in broader trend.

EMA100 = ₹246.26, SMA100 = ₹240.71 → Price above → long-term bullish trend.

EMA200 = ₹226.74, SMA200 = ₹209.18 → Price well above → strong bullish structure.

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