The resistance zone (560-570) was breached only once, and thereafter, the stock was in a downtrend for a prolonged duration. Recent past, the stock has been forming Higher Lows & a buildup in volume in the past few days. The stock gained almost 19.5% over the last few days, assisted by huge volume. On Jul 15, the stock BrokeOut of a major resistance with huge volume, and today it tried to breach the long-term resistance.
The Short-term EMAs are in PCO state as well as a Golden Cross-over has formed few days back, which indicates further uptrend.
We should monitor the stock in the coming days for its price action to take a call.
The Short-term EMAs are in PCO state as well as a Golden Cross-over has formed few days back, which indicates further uptrend.
We should monitor the stock in the coming days for its price action to take a call.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.