Swing
Current Price: The stock is trading at ₹4,469.65, up ₹235.50 (5.56%) for the day, indicating strong bullish momentum.
Trendline Breakout:
The stock has broken out of a downward-sloping trendline (orange line), suggesting a reversal of the recent downtrend.
Support Levels:
Strong support exists at ₹3,879.00 (blue horizontal line), which has held multiple times during previous pullbacks.
Targets:
1st Target: ₹4,914.70 (green horizontal line), representing the next resistance zone.
2nd Target: ₹5,559.40 (black horizontal line), a higher resistance level and potential target.
Volume Analysis
The breakout is supported by increasing volume, which strengthens the case for bullish continuation.
Conclusion
Bullish View: The breakout from the trendline with strong volume indicates that the stock might move toward its 1st target of ₹4,914.70 and potentially to ₹5,559.40 if momentum continues.
Bearish Risk: A failure to sustain above the breakout level could lead to a retest of the ₹3,879.00 support.
This chart suggests a bullish trend with clear targets for traders to watch.
Trendline Breakout:
The stock has broken out of a downward-sloping trendline (orange line), suggesting a reversal of the recent downtrend.
Support Levels:
Strong support exists at ₹3,879.00 (blue horizontal line), which has held multiple times during previous pullbacks.
Targets:
1st Target: ₹4,914.70 (green horizontal line), representing the next resistance zone.
2nd Target: ₹5,559.40 (black horizontal line), a higher resistance level and potential target.
Volume Analysis
The breakout is supported by increasing volume, which strengthens the case for bullish continuation.
Conclusion
Bullish View: The breakout from the trendline with strong volume indicates that the stock might move toward its 1st target of ₹4,914.70 and potentially to ₹5,559.40 if momentum continues.
Bearish Risk: A failure to sustain above the breakout level could lead to a retest of the ₹3,879.00 support.
This chart suggests a bullish trend with clear targets for traders to watch.
Haftungsausschluss
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