Technically on the daily charts we see major support on the downside @ 2305 levels, whereas major Trend Line resistance on the upside is capped around 2500 level.
If breaches minor resistance on the upside @ 2420 and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 2600/2750 levels in Short Term.
Next major resistance @ trend line @ 2500/ 2525 level to watch.
Stock has consolidated with Triple Bottom Formation and Ready for breakout.
RSI above 50 to be watched for momentum on the upside going forward.
Above views For Educational Purpose Only.
Happy Trading
Regards,
MD.
If breaches minor resistance on the upside @ 2420 and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 2600/2750 levels in Short Term.
Next major resistance @ trend line @ 2500/ 2525 level to watch.
Stock has consolidated with Triple Bottom Formation and Ready for breakout.
RSI above 50 to be watched for momentum on the upside going forward.
Above views For Educational Purpose Only.
Happy Trading
Regards,
MD.
Trade active:
Reliance Fut Goes Long @ 2426
