PITTIENG Resilient Rally:Strong Uptrend with Potential Breakout.
Technical Analysis:
Uptrend Formation: The consistent higher highs and higher lows demonstrate a well-defined uptrend, indicating strong bullish sentiment.
SMA Support: The recent price movements have shown significant support around the Simple Moving Averages (SMA), particularly the 50 SMA. This adds an extra layer of confidence to the overall bullish bias.
Breakout Potential: The current price is flirting with a breakout above a key resistance level. A decisive move beyond this point could trigger a strong bullish momentum.
Uptrend Formation: The consistent higher highs and higher lows demonstrate a well-defined uptrend, indicating strong bullish sentiment.
SMA Support: The recent price movements have shown significant support around the Simple Moving Averages (SMA), particularly the 50 SMA. This adds an extra layer of confidence to the overall bullish bias.
Breakout Potential: The current price is flirting with a breakout above a key resistance level. A decisive move beyond this point could trigger a strong bullish momentum.
Trade closed: stop reached:
Extited stop loss hit