VIJAYA-Strong Closing Near Resistance Signals Potential Breakout
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✅The stock is forming a symmetrical triangle pattern, a consolidation phase that typically precedes a breakout. The stock has been closing near the upper resistance of this triangle, indicating strong buying pressure and the potential for a breakout to the upside.
✅The ascending trendline within the triangle has provided consistent support, helping to maintain the stock's upward momentum. This support, combined with the strong closing near resistance, suggests that the bulls are in control.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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