UNICHEM LABORATORIES Breaking 1.9-Year Old Resistance
✅ The stock has successfully broken above a significant 1.9-year old resistance level, signaling a continuation of the strong bullish trend. It is currently trading around 734, and this breakout opens the potential for further gains toward 790 and beyond.
✅ The RSI is at 72, reflecting strong momentum, but nearing overbought territory. However, with the strength of the breakout, there could still be room for further upside before any major pullback.
✅ The breakout is accompanied by steady volume, confirming the upward momentum. Traders should watch for sustained price action above 730 for a potential continuation of the rally.
Note
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.