Setup: Clear breakout above trendline resistance on daily chart.
Indicators:
RSI at 62 → momentum strong, near overbought but not overheated.
MACD bullish crossover with positive histogram.
EMAs: 20 & 50 EMA slope positive; price sustaining above both.
Levels:
Stoploss: ₹445
Targets: ₹509 immediate, then ₹535
👉 Outlook: Strong bullish bias. Sustaining above ₹473 opens path towards ₹500–506 zone. Support at ₹445.
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.
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.