Breaking Higher Within Ascending Channel—Momentum Building

2024년 8월 20일

✅ The stock has been trading within an ascending channel, and it recently broke above the upper trendline around ₹1,659, indicating a potential continuation of the bullish trend.

✅ The 50 EMA has acted as dynamic support throughout the channel, consistently providing a base for the stock's upward movement. The price recently bounced from this level, confirming the strength of the trend.

✅ Volume has increased significantly during the recent breakout, confirming that buyers are stepping in and providing support to the move higher.

✅ The RSI is currently at 67 reflecting strong bullish momentum. If the RSI continues to climb into the overbought zone, it would confirm the breakout and support further gains.

2024년 8월 22일

액티브 트레이드

Moving well