SHANKARA 73-WEEK BREAKOUT
SHANKARA – Weekly Scale - is breaking out from a 73-week base on god volume (2.5 times average; can be over 3 times by EoD tomorrow). Its relative performance to CNX 500 has turned positive; and its momentum indicator, RSI, also entered bullish zone, above 60. If the breakout sustains, an up move of about 30% from B/o level can be expected.
Only personal observation; No recommendation.
Only personal observation; No recommendation.
Raju KMS Datla
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