Looking Very Strong 29% Upside Rally Possible In This Stock
✅The stock has been consolidating below a 2.6-year-old strong resistance level but has recently shown signs of breaking out. The stock closed strong near the resistance, showing high momentum and strength, indicating a potential 29% upside rally.
✅ Immediate support around ₹50, aligning with the lower trendline. Stronger support near the 2.6-year-old resistance at ₹56.10, providing a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the strong resistance, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 63.35, 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 ₹50, aligning with the lower trendline. Stronger support near the 2.6-year-old resistance at ₹56.10, providing a robust base for potential upward movement.
✅ Noticeable increase in volume with the breakout above the strong resistance, signaling strong buying interest and supporting the bullish outlook.
✅ RSI is currently at 63.35, 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.
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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.
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