GANECOS Approaching Channel Resistance – Bullish Continuation?
The stock is trading within an ascending channel, currently testing the upper resistance line.
The RSI is at 64.56, indicating strong bullish momentum but not yet overbought.
A significant increase in volume supports the potential for a bullish breakout above the channel resistance.
The stock is trading well above its 100 EMA, which aligns with the lower channel line, indicating strong support around ₹918.
Immediate resistance is at ₹1200, the upper boundary of the ascending channel. Support is at the 100 EMA and the lower channel line around ₹918.
Watch for a breakout above ₹1200 with strong volume for a potential bullish continuation. If the resistance holds, look for support around ₹918.
Transaction en cours
moved well 22% in a straight line hope my analysis helped you
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Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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.