Gujarat Raffia: From Quiet Accumulation to Explosive Breakout!
Gujarat Raffia Industries Ltd., focusing on a significant upward movement after a prolonged consolidation phase. Here's a detailed analysis:
Key Observations: Price Action & Trend: The price remained in a tight consolidation range during the "90-60" and "60-30" periods, with minimal volatility and reduced volumes. A strong breakout occurred during the "30-0" period, characterized by a steep rise in prices and a series of tall blue candles, signaling robust bullish momentum.
Demand vs. Supply Strength: Current Candle: Demand Strength: 100% Supply Strength: 0% This indicates absolute dominance by buyers with no significant selling pressure.
Moving Average Contribution: Demand Strength: 85.45% Supply Strength: 14.55% The bullish bias is supported by the moving averages, which act as dynamic support during the uptrend.
Volume Data Analysis: 30-0 Period: Delta: +262.496K, showing a substantial influx of buying activity. Total Volume: 478.836K, the highest among the observed periods. 60-30 Period: Delta: +175.722K, marking the start of accumulation and buying interest. Total Volume: 183.106K, a notable increase compared to earlier periods. 90-60 Period: Delta: -7.288K, reflecting mild selling pressure or lack of activity. Total Volume: 36.954K, the lowest among all periods, indicating the stock was under accumulation.
Projected Trend: The projected green trajectory suggests further upside potential, with the price expected to maintain its momentum and reach new highs.
Conclusion: The chart reflects a textbook accumulation-breakout pattern, with demand overtaking supply decisively during the breakout phase. Accumulation Phase: During "90-60" and "60-30," the stock was quietly accumulated with low volatility. Breakout Phase: The "30-0" period witnessed a surge in demand, significant volume increase, and strong price action, leading to a sharp rally.
If demand strength continues at current levels, the stock is poised for sustained bullish momentum.
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.