The Stock Is Ready To Break Symmetrical Triangle Pattern
✅The stock has been consolidating within a symmetrical triangle, supported by a 15-month-old strong support level. Recently, the price has shown signs of breaking out above the descending trendline, indicating a potential bullish continuation.
✅ Immediate support around ₹460, aligning with the lower trendline. This 15-month-old strong support level provides a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the descending trendline, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 58.00, trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
✅ Immediate support around ₹460, aligning with the lower trendline. This 15-month-old strong support level provides a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the descending trendline, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 58.00, trending upwards and indicating increasing bullish momentum without being overbought. The MACD histogram shows rising bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.
Trade ativo:
moved 15% now retesting previous resistance
moved 15% now retesting previous resistance
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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.