The stock was in a prolonged downtrend with low volume, signaling weak participation during the prior phases. However, it has reversed sharply with a strong bullish candlestick, marking a significant change in trend dynamics. Notably, the stock broke out above the resistance level of its listing week's high (₹220–₹240 range) with above-average volume, signaling a potential trend reversal from bearish to bullish.
This breakout is accompanied by a substantial increase in volume, which confirms strong buying interest. The volume during the breakout week is significantly higher compared to previous weeks, indicating likely institutional participation. The combination of a breakout above key resistance levels and strong volume support adds credibility to the emerging bullish trend.
This breakout is accompanied by a substantial increase in volume, which confirms strong buying interest. The volume during the breakout week is significantly higher compared to previous weeks, indicating likely institutional participation. The combination of a breakout above key resistance levels and strong volume support adds credibility to the emerging bullish trend.
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.