The scrip is trying to break its 3yr plus resistance. Just look at the level of accumulation going on in there. The last time it tried super hard was in the week starting of 24th August but later on 31st August, sensex crashed hard, so chance gone. Then it tried again and the next day was 21st December, yet another biggest crash in post-covid scenario, chance gone...
See the volumes. how bullish days volumes have been greater than bearish days. This says its building up something in behind from long. Also, making consistently higher lows that's again a bullish sign.
With textile industry booming, here is another. In daily TF, it did a wedge breakout with massive volumes surpassing the so far high after covid. Targets are mentioned. Also, see this was its GAP resistance in the long term!
My past idea of TN Petro was fantastic, hoping this will be too. See, its breaking July 17 resistance with heavy volumes in daily TF. Also, you will cup and handle breakout. Multiple confluence, that's it.
Down channel formation after gap down, preparing to erupt. Very close to upper TL. Bullish candles formed closing at day's high and prices kept on increasing till the last minute of today's session. Also, notice how the candle breached the dotted line stating intraday's resistance.