This Stock Is Ready To Give Breakout With Strong Momentum
✅The stock has been consolidating below a descending trendline but has recently broken above it, indicating a potential bullish reversal. The breakout is accompanied by strong volume buildup, adding confidence to the move.
✅ Immediate support around ₹2,000, which aligns with the lower trendline. Stronger support near the 200 EMA at ₹1,989 providing a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the descending trendline, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 68 trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
✅ Immediate support around ₹2,000, which aligns with the lower trendline. Stronger support near the 200 EMA at ₹1,989 providing a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the descending trendline, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 68 trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
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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.