Approaching Symmetrical Triangle Apex – Watch for Breakout

2024년 5월 31일

The stock is forming a symmetrical triangle, approaching the apex, suggesting a potential breakout.

The RSI is at 54.41, indicating neutral momentum with a slight bullish bias.

The MACD is showing a bullish crossover, with the histogram moving towards positive territory, indicating a potential shift in momentum.

A recent increase in volume supports the possibility of a breakout.

Immediate resistance is at ₹320, with support at the lower trendline around ₹220.

A breakout above ₹320 with increased volume could signal a strong bullish move. Monitor for confirmation of the breakout for potential entry.