FIVESTAR Breaking Descending Resistance –Looking Bullish
The stock is breaking out from a descending resistance trendline, signaling a potential trend reversal.
The RSI has broken out from its previous resistance, indicating strong upside momentum and currently stands at 58.25.
The breakout is accompanied by increased volume, adding confirmation to the bullish move.
Immediate support is at ₹700, with significant resistance now at ₹820, the upper boundary of the descending channel.
The stock is trading above crucial moving averages, suggesting continued strength if it maintains above the breakout level.
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.