CARBORUNDUM UNIVERSAL making new breakout

CARBORUNDUM UNIVERSAL, a Murugappa group company is making new breakout to new highs. Momentum as shown in RSI, and relative performance to broader CNX 500 index are strong. Volume also looks good.
Jesse Livermore says “Go long when stocks reach a new high, sell short when they reach a new low.”

Only personal analysis. No recommendation.
Trend Analysis

Raju KMS Datla
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