Long
CONSOLIDATION FORMATION BREAKOUT
On the daily chart, the stock has decisively broken out its one month consolidation formation on a closing basis
This breakout is accompanied with huge volumes indicating increased participation on rally
The stock was observed from its 20, 50 and 100 Day SMA support zone which reconfirm bullish sentiments
The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an upside of 195-200 levels
This breakout is accompanied with huge volumes indicating increased participation on rally
The stock was observed from its 20, 50 and 100 Day SMA support zone which reconfirm bullish sentiments
The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an upside of 195-200 levels
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