Breaking IPO Zone Above Resistance Zone Rally Will Come
Breakout with Bullish Momentum
✅The stock has been in a consolidation phase between ₹440 and ₹560. Recently, the price has shown signs of breaking out above the upper resistance level, indicating a potential bullish move.
✅ Immediate support around ₹520, which was a recent resistance level. Stronger support near ₹480, aligning with the lower range of the consolidation.
✅ There is a noticeable increase in volume accompanying the breakout above ₹560, indicating strong buying interest and supporting the bullish breakout.
✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
✅The stock has been in a consolidation phase between ₹440 and ₹560. Recently, the price has shown signs of breaking out above the upper resistance level, indicating a potential bullish move.
✅ Immediate support around ₹520, which was a recent resistance level. Stronger support near ₹480, aligning with the lower range of the consolidation.
✅ There is a noticeable increase in volume accompanying the breakout above ₹560, indicating strong buying interest and supporting the bullish breakout.
✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.