Strong Reversal From Lower Trend :- Pattern Continuation
- The stock has been trading within an ascending broadening wedge pattern, characterized by higher highs and higher lows.
- Recently, the price bounced off the lower trendline support around INR 280, showing bullish strength.
- There is a notable increase in volume, supporting the recent price surge, indicating strong buying interest.
- The RSI is currently around 48.62, suggesting a potential rise towards the overbought region, supporting further upside momentum.
- **Support:** INR 280 (Lower Trendline)
- **Resistance:** INR 340 (Upper Trendline)
- The stock is expected to continue its upward trajectory within the wedge, potentially testing the upper trendline resistance around INR 340.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.