CONSOLIDATION ZONE BREAKOUT
• On the weekly chart, the stock has witnessed strong breakout from its “Consolidation Zone” (455-380) on a closing basis
• Rising volumes at breakout zone implies increased participation
• On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms On Closing Basis
• The stock is well placed above its 20,50 and 100 Day SMA which reconfirms upside momentum
• The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising
strength.
• The above analysis indicate an upside of 505-527 levels
• Rising volumes at breakout zone implies increased participation
• On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms On Closing Basis
• The stock is well placed above its 20,50 and 100 Day SMA which reconfirms upside momentum
• The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising
strength.
• The above analysis indicate an upside of 505-527 levels
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