Technical Summary (as of May 31, 2025):
Breakout Confirmed: The price has broken out above a descending trendline resistance, signaling a bullish reversal.
Strong Weekly Candle: A large bullish candle (+7.04%) confirms strong buying interest.
Resistance Levels:
Immediate resistance at ₹120
Next major resistance at ₹126.59
Support Zone: ₹102–105 (previous resistance, now potential support)
Uptrend Structure: Long-term trendline from 2022 remains intact and supportive.
🔎 Outlook:
Bullish bias in the short to medium term, especially if the stock sustains above ₹114.
Watch for profit booking near ₹120–126.59.
Breakout Confirmed: The price has broken out above a descending trendline resistance, signaling a bullish reversal.
Strong Weekly Candle: A large bullish candle (+7.04%) confirms strong buying interest.
Resistance Levels:
Immediate resistance at ₹120
Next major resistance at ₹126.59
Support Zone: ₹102–105 (previous resistance, now potential support)
Uptrend Structure: Long-term trendline from 2022 remains intact and supportive.
🔎 Outlook:
Bullish bias in the short to medium term, especially if the stock sustains above ₹114.
Watch for profit booking near ₹120–126.59.
Not
Above analysis only for educational purpose. Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.