Rane (Madras) Ltd (W): BREAKOUT ATTEMPTTimeframe: Daily | Scale: Logarithmic
Strong +15.02% surge this week backed by a 2.25M volume expansion! 🔥
Technical Highlights:
⚠️ Resistance Test: Broke out but pending a close above long-term angular resistance (active since Aug '24).
✅ Volume Expansion: Overall volume has been surging over the past few weeks.
✅ Momentum: Short-term EMAs in positive crossover across Daily, Weekly & Monthly. MACD & RSI rising on all timeframes. 🚀
Key Levels to Watch:
🎯 Target: 1,529 (Al
Long