# Shalim paint LTD (Stro) >>>The stock has indeed shown a breakout from a long downtrend and is now following an uptrend, closing above the 20, 50, and 100 EMA on the weekly chart. >>>This technical setup often indicates a potential for upward movement, making it a promising candidate for short-term swing trading. >>>Given the recent performance and technical...
After breakout its latest resistance level can see good moment in stock. technical indicators also showing strong buying.
the stock has broken out of a long downtrend line and is showing good movement with a volume build-up. Additionally, it's getting support at the 20-day Exponential Moving Average (EMA) on the weekly candle chart. This suggests that the stock might reach the next resistance level from here
Long down trend line breakout with taking 20EMA support in monthly candle chart. Double bottom formation for trend reversal. Can see good movement from here after.
With positive harmonic pattern and stock testing at strong support can see up move for short term.
>>> Closing above 20, 50 & 100 Ema. >>>Long down trend line breakout. >>>Can Increase volume from here after. >>> Can See strong bullish trend.
stock following parallel path with good movement. breaking 52.50 Stong resistance. Its above 20 ,50 & 100 EMA. seen strong bullish pattern.
After consolidation stock getting movement Om.Breaking last Resistance 1314 can see good movement here after.