Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
GSLSU 1) Time Frame - Weekly. 2) Previous Life Time High was 239.30. It has been consolidating since 2023, March & given a breakout in weekly time frame currently. 3) It's a consolidation / IPO base breakout with strong bullish candle & Good volume. 4) Recommendation - Strong Buy
Prices have cleared its previous all time high of 230. Volumes in this rally have been higher than average, confirming strength. RSI has also cleared 60, suggest bullish trend. Bullish outlook remains valid as long as price is above 226.
Detailed View about this Breakout: No.of Resistance: 4 No.of Support: 4 Consolidation Days: 170+ Days I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.
Global surface recently launched IPO trying for BREAKOUT & buy only above 230