✅The stock has been consolidating below a 6.6-year-old very strong resistance level, which also marks its all-time high (ATH). Recently, the price has shown signs of breaking out above this resistance, indicating a potential bullish continuation.
✅ Immediate support around ₹1,400, aligning with the lower trendline. This strong support level provides a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the strong resistance, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 62.51, trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line close to crossing above the signal line, suggesting a buy signal.
✅ Immediate support around ₹1,400, aligning with the lower trendline. This strong support level provides a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the strong resistance, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 62.51, trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line close to crossing above the signal line, suggesting a buy signal.
Trade active:
moving well 1613 to 1720 now at 1677 it will give strong momentum above 1750
moving well 1613 to 1720 now at 1677 it will give strong momentum above 1750
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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.