Technical Summary (as of May 31, 2025):
Breakout Confirmed: The price has broken out above a descending trendline resistance, signaling a bullish reversal.
Strong Weekly Candle: A large bullish candle (+7.04%) confirms strong buying interest.
Resistance Levels:
Immediate resistance at ₹120
Next major resistance at ₹126.59
Support Zone: ₹102–105 (previous resistance, now potential support)
Uptrend Structure: Long-term trendline from 2022 remains intact and supportive.
🔎 Outlook:
Bullish bias in the short to medium term, especially if the stock sustains above ₹114.
Watch for profit booking near ₹120–126.59.
Breakout Confirmed: The price has broken out above a descending trendline resistance, signaling a bullish reversal.
Strong Weekly Candle: A large bullish candle (+7.04%) confirms strong buying interest.
Resistance Levels:
Immediate resistance at ₹120
Next major resistance at ₹126.59
Support Zone: ₹102–105 (previous resistance, now potential support)
Uptrend Structure: Long-term trendline from 2022 remains intact and supportive.
🔎 Outlook:
Bullish bias in the short to medium term, especially if the stock sustains above ₹114.
Watch for profit booking near ₹120–126.59.
Nota
Above analysis only for educational purpose. Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.