Symmetrical Triangle Pattern:
The price has been consolidating within a symmetrical triangle, formed by converging trendlines.
The breakout above the triangle suggests a potential bullish trend continuation.
Resistance Level (₹745.35):
The horizontal line at ₹745.35 acts as a key resistance, which the price is currently approaching.
Volume:
Noticeable volume increase during the breakout, adding strength to the bullish signal.
Current Price (₹741.80):
The price is near the resistance, and a decisive move above ₹745.35 could indicate further upside.
Summary:
A breakout from the triangle with rising volume points to bullish momentum. Watch for a sustained move above ₹745.35 for confirmation of a further rally.
The price has been consolidating within a symmetrical triangle, formed by converging trendlines.
The breakout above the triangle suggests a potential bullish trend continuation.
Resistance Level (₹745.35):
The horizontal line at ₹745.35 acts as a key resistance, which the price is currently approaching.
Volume:
Noticeable volume increase during the breakout, adding strength to the bullish signal.
Current Price (₹741.80):
The price is near the resistance, and a decisive move above ₹745.35 could indicate further upside.
Summary:
A breakout from the triangle with rising volume points to bullish momentum. Watch for a sustained move above ₹745.35 for confirmation of a further rally.
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.