The stock is forming a symmetrical triangle, approaching the apex, indicating a potential breakout.
The RSI is at 41.96, showing a bearish divergence, suggesting a cautious approach until a clear breakout occurs.
Volume has been stable, but watch for an increase as the stock nears the apex of the triangle.
Immediate support is at the lower trendline around ₹950, while resistance is at the upper trendline around ₹1100
Monitor for a breakout above ₹1100 or a breakdown below ₹950 for a clear direction. A breakout with strong volume could lead to a bullish move, while a breakdown might suggest further downside.
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Join our community in telegram for real time updates --- telegram.me/marketiik
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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.