Chart Analysis (Study Purpose Only):
Pattern Observed: After a sharp uptrend, the stock has formed a falling channel (bullish flag) — which typically signals a continuation of the trend.
Support/Resistance:
The price is consolidating above a long-term trendline resistance, which is now acting as support.
Resistance zone is near ₹365–₹367, and support is around the ₹340–₹345 range.
Indicators:
RSI is currently at ~60, suggesting mild bullish momentum without being overbought.
MACD is in a bearish crossover but appears to be flattening, possibly preparing for a bullish crossover.
Volume: Declining volume during the pullback suggests weak selling pressure, often a bullish sign in continuation patterns.
🟢 A breakout above the upper channel with volume could confirm a bullish continuation.
Pattern Observed: After a sharp uptrend, the stock has formed a falling channel (bullish flag) — which typically signals a continuation of the trend.
Support/Resistance:
The price is consolidating above a long-term trendline resistance, which is now acting as support.
Resistance zone is near ₹365–₹367, and support is around the ₹340–₹345 range.
Indicators:
RSI is currently at ~60, suggesting mild bullish momentum without being overbought.
MACD is in a bearish crossover but appears to be flattening, possibly preparing for a bullish crossover.
Volume: Declining volume during the pullback suggests weak selling pressure, often a bullish sign in continuation patterns.
🟢 A breakout above the upper channel with volume could confirm a bullish continuation.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.