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.
stock is in good trend and break even a good long term resistance in this uncertain time , being consolidated over the top can give good return above the consolidation zone
i may be wrong ,do your own analysis before trade .
T-115 123 130+
The stock is ready to breakout. This a bit aggressive as we are taking positions before trendline breakout. Safe traders can enter after trendline breakout.
The stock has made a bullish continuation structure. You can call it a bullish pennant or symmetrical triangle.
SPECIALITY RESTAURANTS as per monthly chart analysis the stock was in continuous down trend channel and this month stock has once again moved up breaking the channel. Resistance 115 once broken then target 140 is achievable.