Approaching Symmetrical Triangle Breakout – Bullish Setup
The stock is forming a symmetrical triangle, nearing the apex, which suggests a potential breakout.
The RSI is at 57.40, indicating positive momentum and a potential for further upside.
The MACD shows a bullish crossover, with the histogram turning positive, suggesting increasing bullish momentum.
Volume has been increasing, adding confirmation to the potential breakout scenario.
Immediate resistance is around ₹760, with support at the lower trendline around ₹620.
A breakout above ₹760 with strong volume could lead to a significant bullish move. Watch for confirmation of the breakout for potential entry points.
The RSI is at 57.40, indicating positive momentum and a potential for further upside.
The MACD shows a bullish crossover, with the histogram turning positive, suggesting increasing bullish momentum.
Volume has been increasing, adding confirmation to the potential breakout scenario.
Immediate resistance is around ₹760, with support at the lower trendline around ₹620.
A breakout above ₹760 with strong volume could lead to a significant bullish move. Watch for confirmation of the breakout for potential entry points.
Not
Excellent momentum
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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.
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.
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.