consolidation breakout
• On the daily chart, the stock has
witnessed “Consolidation Range”
breakout around 470 levels which
signals resumption of the uptrend
• Huge volumes on the breakout , signals
increased participation near breakout
zone
• The stock is strong uptrend as it is
continue to form a series of higher Tops
and higher Bottom formation across all
the time frames
• This buying momentum was observed
from 20-day SMA(438) which reconfirm
our bullish thesis
• The daily and weekly strength indicator
RSI is placed above 50 mark which
supports rising strength. The above
analysis indicate an upside of 550
levels.
*Holding period is 1 months .
witnessed “Consolidation Range”
breakout around 470 levels which
signals resumption of the uptrend
• Huge volumes on the breakout , signals
increased participation near breakout
zone
• The stock is strong uptrend as it is
continue to form a series of higher Tops
and higher Bottom formation across all
the time frames
• This buying momentum was observed
from 20-day SMA(438) which reconfirm
our bullish thesis
• The daily and weekly strength indicator
RSI is placed above 50 mark which
supports rising strength. The above
analysis indicate an upside of 550
levels.
*Holding period is 1 months .
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.