Strong Uptrend Continuation Post Breakout:- High Momentum Stock
Updated
✅The stock has been in a strong uptrend, making higher highs and higher lows. Recently, the price action formed a consolidation pattern with a symmetrical triangle, indicating a potential continuation of the uptrend.
✅ Immediate support around ₹400, which was a recent consolidation level. Stronger support near ₹360, which aligns with the lower trendline and past price action.
✅ There is a noticeable increase in volume accompanying the breakout above the symmetrical triangle, indicating strong buying interest and supporting the bullish breakout.
✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD line is above the signal line, suggesting a bullish trend continuation.
✅ Immediate support around ₹400, which was a recent consolidation level. Stronger support near ₹360, which aligns with the lower trendline and past price action.
✅ There is a noticeable increase in volume accompanying the breakout above the symmetrical triangle, indicating strong buying interest and supporting the bullish breakout.
✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD line is above the signal line, suggesting a bullish trend continuation.
Trade active
after breakout moved 15% non stop
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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