Resistance BO & TREND REVERSAL

May 13, 2024

Currently trading at Rs 540 with a traded volume of 27,039,443 shares. The stock saw a 7.59 per cent increase from the previous close, now at its 52-week high of Rs 540. With an RSI at 66.16, it indicates a bullish momentum. The price-volume breakout suggests a potential trend change, possibly indicating positive news such as strong Quarterly Results or dividend announcements. Investors should watch for a possible continuation of this upward trend, especially considering the 1-year return of -22.03 per cent, indicating a potential reversal in the stock's performance. This move is likely driven by favorable quarterly results, fueling investor optimism.

ONLY FOR EDUCATIONAL PURPOSE
not recommdation