“Consolidation Range” Breakout
On the weekly chart, the stock has
witnessed “Consolidation Range”
breakout at 450 levels on a closing
basis along with rising volumes.
• The stock continue to form a series of
higher Tops and higher Bottoms which
signals strong up trend across all the
time frames
20 September, 2021
• The stock is well placed above its 20-
weeks SMA which reconfirms upside
momentum
• The weekly Bollinger Band buy signal
also reconfirmed rising momentum
• The daily and weekly strength indicator
RSI is in bullish mode along with
positive crossover which supports
rising strength.
• The above analysis indicate an upside
of 490-507 levels
witnessed “Consolidation Range”
breakout at 450 levels on a closing
basis along with rising volumes.
• The stock continue to form a series of
higher Tops and higher Bottoms which
signals strong up trend across all the
time frames
20 September, 2021
• The stock is well placed above its 20-
weeks SMA which reconfirms upside
momentum
• The weekly Bollinger Band buy signal
also reconfirmed rising momentum
• The daily and weekly strength indicator
RSI is in bullish mode along with
positive crossover which supports
rising strength.
• The above analysis indicate an upside
of 490-507 levels
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