CONSOLIDATION ZONE BREAKOUT
• On the weekly chart, the stock has witnessed strong breakout from its “Consolidation Zone” (455-380) on a closing basis
• Rising volumes at breakout zone implies increased participation
• On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms On Closing Basis
• The stock is well placed above its 20,50 and 100 Day SMA which reconfirms upside momentum
• The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising
strength.
• The above analysis indicate an upside of 505-527 levels
• Rising volumes at breakout zone implies increased participation
• On the long term charts, the stock is trending up forming a series of higher Tops and Bottoms On Closing Basis
• The stock is well placed above its 20,50 and 100 Day SMA which reconfirms upside momentum
• The daily strength indicator RSI is in bullish mode along with positive crossover which supports rising
strength.
• The above analysis indicate an upside of 505-527 levels
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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.