✅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.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
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.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.