Bharat Rasayan | 2200-Day Uptrend Holding Strong, Ct breakout
The green trendline represents a massive 2200-day uptrend, acting as a strong support level.
A counter-trendline breakout (182 days long) has just occurred, breaking the red resistance line with momentum.
The yellow zone has been respected three times over 1170 days, indicating a strong supply zone—a breakout above this can trigger a major move.
Recent base formation followed by a breakout adds to the bullish structure.
Volume remains low, likely due to the stock trading in 5-digit territory.
Watchlist Ready? Let’s Ride the Trend!
A counter-trendline breakout (182 days long) has just occurred, breaking the red resistance line with momentum.
The yellow zone has been respected three times over 1170 days, indicating a strong supply zone—a breakout above this can trigger a major move.
Recent base formation followed by a breakout adds to the bullish structure.
Volume remains low, likely due to the stock trading in 5-digit territory.
Watchlist Ready? Let’s Ride the Trend!
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JOIN MY FREE TELEGRAM ( More Charts and Discussions ) : t.me/hashtaghammer
Related publications
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.