Broke 1-Year Channel Strong Uptrend Ahead With Solid Support
✅ The stock broke out of an upward channel after almost a year, signaling a strong upward move.
✅ Strong support around 2620 levels with the 100 EMA and trend support. The breakout suggests a potential move towards 3500+ levels.
✅ RSI is at 66 showing strong bullish momentum. MACD histogram is positive, supporting the breakout with bullish signals.
✅Volume increase confirms strong buying interest and bullish sentiment, supporting the breakout scenario.
✅A leading player in the real estate sector, the company has a strong presence in the Indian market. Continuous expansion and innovation provide a competitive edge.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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