Volume spikes indicate good buying / Accumulation from big institutions.RSI showing significant strength.
Breaking resistance and supporting sector (power) there's a high probability for the continuation of the uptrend.
15 weeks of consolidation and high volume testing of all-time highs.
High probability of continuation and making new all-time highs.
RSI crossing overbought area 70+ indicating good strength and good buying.
The price of 211 was acting as resistance since Apr 2018 which was broken in December 2020 and was consolidating above 211 since then.
Just last week with high volume and RSI broke December 2020 resistance suggesting a continuation of the bullish trend.
Increasing Volume & 21 weeks of consolidation breakout suggests a positive trend.
With the confirmation of RSI, We can have a high probability of a positive trend.
Till the price stays above 20EMA on a weekly timeframe one can stay and ride the trend.
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