The stock established a consolidation zone in the ₹165–₹175 range. This period of sideways movement formed a solid support level with reduced volatility and relatively lower volumes, building the foundation for an upward move.
After the initial breakout above ₹175, the stock consolidated again at a slightly higher range, creating a secondary base near the ₹175–₹190 levels. This is a hallmark of the Base-on-Base pattern, where the stock makes a smaller consolidation zone after an initial rally.
The current price action shows a strong move above both bases, closing at ₹210.33 with a massive gain of +26.30% and accompanied by significantly higher volumes. This suggests that the upward momentum has resumed after the second base.
After the initial breakout above ₹175, the stock consolidated again at a slightly higher range, creating a secondary base near the ₹175–₹190 levels. This is a hallmark of the Base-on-Base pattern, where the stock makes a smaller consolidation zone after an initial rally.
The current price action shows a strong move above both bases, closing at ₹210.33 with a massive gain of +26.30% and accompanied by significantly higher volumes. This suggests that the upward momentum has resumed after the second base.
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.