JSL Breaks Out of Consolidation – Bullish Momentum Building
Updated
The stock has broken out of an ascending triangle pattern, indicating strong bullish momentum.
The RSI has broken out and is currently at 70.45, suggesting strong bullish momentum but nearing overbought conditions.
The MACD shows a bullish crossover with a strong upward move in the histogram, indicating increasing positive momentum.
The breakout is supported by a significant volume spike, adding confirmation to the bullish move.
The stock is trading well above its 100 EMA, indicating strong upward momentum and a sustained uptrend.
With the breakout above ₹760 confirmed by strong volume and positive technical indicators, the stock is poised for further upside. Monitor for potential targets above ₹800.
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