Approaching Key Resistance – Potential Breakout
The stock is forming a symmetrical triangle, approaching the apex, indicating a potential breakout soon.
The RSI is at 51.54, suggesting neutral momentum with potential for upward movement.
The MACD shows a bullish crossover, with the histogram indicating a positive shift in momentum.
A recent increase in volume supports the potential for a breakout.
Immediate resistance is around ₹560, while support is at the lower trendline around ₹480.
Watch for a breakout above ₹560 with increased volume for a potential bullish move. If the breakout occurs, the stock could target higher levels quickly.
The RSI is at 51.54, suggesting neutral momentum with potential for upward movement.
The MACD shows a bullish crossover, with the histogram indicating a positive shift in momentum.
A recent increase in volume supports the potential for a breakout.
Immediate resistance is around ₹560, while support is at the lower trendline around ₹480.
Watch for a breakout above ₹560 with increased volume for a potential bullish move. If the breakout occurs, the stock could target higher levels quickly.
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37% non stop rally, hope my analysis is working for you guys
Trade active
44% till now more to go
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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.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
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.
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