Breakout in IdeaForge Techno Ltd.?
IdeaForge Techno Ltd. has given a breakout with strong volume.
Previously, it was trading in a box pattern since mid-October 2024 with support and resistance levels of 577 and 625 respectively.
The resistance level of 625 was broken and trading around 646.
20 EMA (Black line) has to traverse above the 50 EMA (Orange line), in order to confirm the bullish trend.
We have seen spurt in volume in the last few sessions, however, on weekly chart the 20 EMA (Black line) has to traverse above the 50 EMA (Orange line).
Resistance levels: 661, 713, 790, 864
Support levels: 625, 577
Previously, it was trading in a box pattern since mid-October 2024 with support and resistance levels of 577 and 625 respectively.
The resistance level of 625 was broken and trading around 646.
20 EMA (Black line) has to traverse above the 50 EMA (Orange line), in order to confirm the bullish trend.
We have seen spurt in volume in the last few sessions, however, on weekly chart the 20 EMA (Black line) has to traverse above the 50 EMA (Orange line).
Resistance levels: 661, 713, 790, 864
Support levels: 625, 577
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