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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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.
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.
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.
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.