Rebounded Sharply
On the weekly chart, the stock has revisited its Sep breakout zone of 1900-1880 levels and rebounded sharply
On the monthly chart, the stock has also decisively broken out its two years “Multiple Resistance Zone” of 1900 on a closing basis indicating strength on a long term charts
The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments
The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an upside of 2260-2350 levels
On the monthly chart, the stock has also decisively broken out its two years “Multiple Resistance Zone” of 1900 on a closing basis indicating strength on a long term charts
The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments
The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an upside of 2260-2350 levels
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