✅The stock has been in a descending triangle pattern, typically a bearish formation, but it is currently testing the upper trendline for a potential breakout. The descending triangle pattern is identified by lower highs converging with a flat support level.
✅The 50 EMA and the ascending support line have provided solid support for the stock. The liquidity zone around ₹750 has also acted as a crucial support area, indicating strong buying interest at these levels.
✅There is a noticeable increase in volume as the stock approaches the upper trendline, suggesting that buyers are stepping in. A volume spike during a breakout attempt indicates strong market interest and potential for a sustained move.
✅The RSI has started to trend upwards from below 40 and is currently around 58 indicating a shift towards bullish momentum. An RSI moving from oversold to above 50 suggests increasing buying strength.
✅The 50 EMA and the ascending support line have provided solid support for the stock. The liquidity zone around ₹750 has also acted as a crucial support area, indicating strong buying interest at these levels.
✅There is a noticeable increase in volume as the stock approaches the upper trendline, suggesting that buyers are stepping in. A volume spike during a breakout attempt indicates strong market interest and potential for a sustained move.
✅The RSI has started to trend upwards from below 40 and is currently around 58 indicating a shift towards bullish momentum. An RSI moving from oversold to above 50 suggests increasing buying strength.
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.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
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.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.