Trendline and VCP Pattern: - The chart shows an upward trendline indicating a long-term bullish trend. - There's a visible "VCP" (Volatility Contraction Pattern) forming. This pattern typically suggests a consolidation phase where price volatility decreases before a potential breakout.
Support and Resistance - The price is currently around ₹45.35. - Key support level is around the trendline, roughly at ₹25. - Key resistance levels are around ₹60 and ₹80.
### Volume - The volume is highlighted, showing an increase during significant price movements, which typically confirms the strength of the trend. - Recent volume bars indicate moderate trading activity.
### Summary - **Bullish Indicators**: Upward trendline, potential VCP breakout, and increasing volume during uptrends. - **Bearish Indicators**: RSI nearing overbought levels, potential failure to break key resistance.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.