MONTE CARLO FASHIONS Approaching Multi-Year Resistance
The stock is nearing its multi-year resistance level around 950, which has acted as a major hurdle in the past. A decisive breakout above this level could open doors for a strong upward rally.RSI is at 69, indicating bullish momentum with room to push higher. Recent price action is supported by consistent volume, signaling strong buying interest.The long-term trendline support near ₹600 has provided a strong base for the uptrend. Sustained movement above 950 with rising volumes will confirm the breakout, potentially leading the stock toward 1100 levels.
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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.