Marketik

Strong Uptrend Continuation Post Breakout:- High Momentum Stock

Viés de alta
Marketik Atualizado   
NSE:RAILTEL   RAILTEL CORP OF IND LTD
✅The stock has been in a strong uptrend, making higher highs and higher lows. Recently, the price action formed a consolidation pattern with a symmetrical triangle, indicating a potential continuation of the uptrend.

✅ Immediate support around ₹400, which was a recent consolidation level. Stronger support near ₹360, which aligns with the lower trendline and past price action.

✅ There is a noticeable increase in volume accompanying the breakout above the symmetrical triangle, indicating strong buying interest and supporting the bullish breakout.

✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD line is above the signal line, suggesting a bullish trend continuation.
Trade ativo:

after breakout moved 15% non stop

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.
Aviso legal

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.