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.
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