Potential Breakout from Descending Triangle With High Momentum

8월 29일

✅ The stock is currently trading within a descending triangle pattern, showing signs of strength as it approaches a potential breakout point near ₹7,200. This setup indicates that a decisive move could be imminent, with the stock attempting to break above the triangle's upper trendline and gain further momentum.

✅ A recent increase in volume adds credibility to the bullish move, indicating strong buying interest. The RSI is also trending upwards and nearing the 70 mark, which supports the possibility of a breakout.

✅ A successful breakout above the upper trendline, coupled with sustained volume, could propel the stock towards higher levels, potentially revisiting its previous highs around ₹8,000. Traders should watch for a close above the trendline as confirmation of this bullish move.

9월 18일

액티브 트레이드

Moving well