Stock has given a breakout (intraday) above 43.95, which was the previous swing high with strong volumes
Stock making higher lows since Feb 2022
No Recommendation
Technical Observations
1) Stock has given highest weekly close after Aug 2018, with more than average volumes
2) Making higher lows since June'21 on weekly basis (237, 260, 266, 269)
Looks a long term Breakout
1) Just looking at Price making higher lows after 24th Feb
2) Gave a breakout with massive 1.4m volume against 20D average 200K volumes
Not Recommendation !
Rationale
1) Stock has given a breakout above 266 levels on Daily and Weekly charts with about 36% more than average 20D Volumes
2) 21EMA > 55EMA > 100 EMA > 200 and all these EMAs trending for last 1 month
3) CMP is around 35% above its 52 week low (which is 199) & trading near 52W high
4) RS trending upwards, showing strength
5) RSI placed at 71 levels,...
