Approaching Symmetrical Triangle Breakout – Bullish Setup
The stock is forming a symmetrical triangle, nearing the apex, which suggests a potential breakout.
The RSI is at 57.40, indicating positive momentum and a potential for further upside.
The MACD shows a bullish crossover, with the histogram turning positive, suggesting increasing bullish momentum.
Volume has been increasing, adding confirmation to the potential breakout scenario.
Immediate resistance is around ₹760, with support at the lower trendline around ₹620.
A breakout above ₹760 with strong volume could lead to a significant bullish move. Watch for confirmation of the breakout for potential entry points.
The RSI is at 57.40, indicating positive momentum and a potential for further upside.
The MACD shows a bullish crossover, with the histogram turning positive, suggesting increasing bullish momentum.
Volume has been increasing, adding confirmation to the potential breakout scenario.
Immediate resistance is around ₹760, with support at the lower trendline around ₹620.
A breakout above ₹760 with strong volume could lead to a significant bullish move. Watch for confirmation of the breakout for potential entry points.
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.
Excellent momentum