Surajit Engineering's Bullish Breakout With Strong Momentum
Company Overview:
Surajit Engineering is a prominent player in the engineering and construction industry, specializing in infrastructure projects. The company is known for its quality work and has a strong track record of delivering projects on time.
Technical Analysis:
- Symmetrical Triangle Pattern Breakout: The stock has recently broken out of a symmetrical triangle pattern, indicating a potential continuation of the uptrend.
- Bullish Engulfing Candle: The stock has formed a bullish engulfing candlestick pattern, which is a strong bullish signal indicating a potential reversal of the previous downtrend.
- RSI Breakout: The Relative Strength Index (RSI) has broken out of a previous range, showing increasing buying momentum in the stock.
- Strong Support from Lower Trendline and 100 EMA: The stock is currently supported by a strong lower trendline and the 100 Exponential Moving Average (EMA), indicating a potential bounce back from these levels.
Surajit Engineering is a prominent player in the engineering and construction industry, specializing in infrastructure projects. The company is known for its quality work and has a strong track record of delivering projects on time.
Technical Analysis:
- Symmetrical Triangle Pattern Breakout: The stock has recently broken out of a symmetrical triangle pattern, indicating a potential continuation of the uptrend.
- Bullish Engulfing Candle: The stock has formed a bullish engulfing candlestick pattern, which is a strong bullish signal indicating a potential reversal of the previous downtrend.
- RSI Breakout: The Relative Strength Index (RSI) has broken out of a previous range, showing increasing buying momentum in the stock.
- Strong Support from Lower Trendline and 100 EMA: The stock is currently supported by a strong lower trendline and the 100 Exponential Moving Average (EMA), indicating a potential bounce back from these levels.
Transaction en cours
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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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.