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pradipandsuvra
Dec 20, 2022 2:51 PM

Specialty Restaurants: Multi-timeframe breakout Long

NSE:SPECIALITY60
SPECIALITY RESTAURNSE

Description

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NSE:SPECIALITY is showing an interesting multi-timeframe breakout:

  • In Daily timeframe, it is showing a clear breakout of falling trendline.
  • Volume is high
  • RSI shoot up from 50 to 71
  • Interestingly in the hourly chart also the pole-and-flag patten breakout happened with volume buildup.

Comment

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Trade:
BUY above 238, SL: 234, T: 242/246
SELL below 231, SL: 234, T: 228/225
Trend LinesFlagindianstocksanalysisstocktowatchspecialityrestaurants
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