STRONG RS STOCK, CONSOLIDATING SINCE LAST MONTH, HIGH DELIVERY VOLUME, R:R IS FAVOURABLE.
Less volume and consolidating and recent breakout happen with a huge candle.
RSI DIVERGENCE, breakout happen, beat the nifty index by 10%, RISK REWARD favorable.
multiple triggers in stocks, the volume is also high.
near its resistance zone, volumes are higher than last 1-1.5 month, RSI> 50
Stock is consolidating for the last 2,3 months and also try to break out with huge volume but the stock tested its support zone, but now if breakout will happen then it will show some big move. fundamentals of the company are also good.
good fundamental, waiting for the breakout, if close above 1160 then it will be great.
RS cross above 0, RSI above 60, close above the support level. good entry for short-medium term. and fundamental is also good