Multiple Resistance”
On the daily chart, the stock has witnessed “multiple resistance” breakout around 208 levels
• This breakout is accompanied with huge volumes indicating increased participation
• In addition, the stock has confirmed higher tops and bottoms Sanghvi Movers Limited Weekly Tech Picks 10 June,
• The stock is well placed above its 20, 50 , 100 and 200 SMA which
reconfirmed bullish trend
• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
• The above analysis indicate an upside of 232 - 242 level
Time is 3 to 4 weeks.
• This breakout is accompanied with huge volumes indicating increased participation
• In addition, the stock has confirmed higher tops and bottoms Sanghvi Movers Limited Weekly Tech Picks 10 June,
• The stock is well placed above its 20, 50 , 100 and 200 SMA which
reconfirmed bullish trend
• The daily and weekly strength indicator RSI is in bullish mode along with positive crossover which supports rising strength in near term.
• The above analysis indicate an upside of 232 - 242 level
Time is 3 to 4 weeks.
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.