FIVESTAR Breaking Descending Resistance –Looking Bullish

2024년 5월 31일

The stock is breaking out from a descending resistance trendline, signaling a potential trend reversal.

The RSI has broken out from its previous resistance, indicating strong upside momentum and currently stands at 58.25.

The breakout is accompanied by increased volume, adding confirmation to the bullish move.

Immediate support is at ₹700, with significant resistance now at ₹820, the upper boundary of the descending channel.

The stock is trading above crucial moving averages, suggesting continued strength if it maintains above the breakout level.