Channel Entry with Rising Volumes suggesting high probability for testing channel resistance.
the rise in volume and three weeks of consolidation after the breakout suggesting good strength in the price. RSI suggesting good strength and good buying demand SL 190 Target 350
On a weekly Timeframe, RSI crossing 70 Suggesting Good bullish Strength. The confirmation of Inverse Head and shoulder breakout and increase in Volume shows a high probability of Bullish Trend.
RSI Showing Increasing in strength. Price is making higher highs and higher lows with increasing volumes. Target approx 170. Sl 85 CMP 115 (returns around 50% and sl around 25%)
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.
With rising Volume and 9 Months of base formation price has broken out of the range. Made 52-Week all time highs this week.
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. Small Info : Quick Heal Technologies is engaged in the business of providing security software products. The...