🔔 Patanjali Foods – Long Setup Alert
Patanjali Foods has broken out of a sustained downtrend, signaling a potential trend reversal. The stock has convincingly closed above its descending trendline with rising volume, indicating renewed buying interest.
📈 Technical Highlights:
✅ Downtrend broken after multiple failed attempts.
✅ Bullish candle formed above trendline resistance.
✅ Volume spike confirms participation.
✅ Trading above EMA 9 and near VWAP, confirming momentum.
✅ Bollinger Bands starting to widen—potential for expansion move.
Patanjali Foods has broken out of a sustained downtrend, signaling a potential trend reversal. The stock has convincingly closed above its descending trendline with rising volume, indicating renewed buying interest.
📈 Technical Highlights:
✅ Downtrend broken after multiple failed attempts.
✅ Bullish candle formed above trendline resistance.
✅ Volume spike confirms participation.
✅ Trading above EMA 9 and near VWAP, confirming momentum.
✅ Bollinger Bands starting to widen—potential for expansion move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.