• On the weekly chart, the stock has observed one year “multiple resistance zone” breakout at 500 levels on a closing basis.
• On the weekly chart, a series of higher tops and bottoms conforms bullish sentiments
• Rising volumes near breakout zone Trget Period 4 weeks. signifies increased participation
• This buying momentum was observed from its 50 and 100 Day SMA which reconfirm positive trend
• The daily ,weekly and monthly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.
• The above analysis indicate an upside of 575-600 levels
• On the weekly chart, a series of higher tops and bottoms conforms bullish sentiments
• Rising volumes near breakout zone Trget Period 4 weeks. signifies increased participation
• This buying momentum was observed from its 50 and 100 Day SMA which reconfirm positive trend
• The daily ,weekly and monthly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.
• The above analysis indicate an upside of 575-600 levels