Timeframe: Weekly | Chart Scale: Logarithmic
Constructive +3.22% weekly surge backed by a huge 21.11M volume spike! 🔥
Technical Highlights:
✅ Breakout: Cleared & closed above BOTH an angular (May '25) AND horizontal (Oct '25) resistance!
✅ Price Action: Weekly hammer candle + forming Higher Lows = Extremely Bullish!
✅ Volume: Surging volume confirms heavy buyer accumulation.
✅ Momentum: Short-term EMAs in positive crossover (Daily/Weekly). MACD & RSI rising. 🚀
Key Levels to Watch:
🎯 Target: 1375
🛡️ Support / Pullback: 1200 (Previous resistance turned support)
Keep a close eye on price action over the coming days to see if the stock can sustain this high-volume trajectory! 📈
Are you tracking setups across the IT midcap basket? Share your perspective below! 👇
Constructive +3.22% weekly surge backed by a huge 21.11M volume spike! 🔥
Technical Highlights:
✅ Breakout: Cleared & closed above BOTH an angular (May '25) AND horizontal (Oct '25) resistance!
✅ Price Action: Weekly hammer candle + forming Higher Lows = Extremely Bullish!
✅ Volume: Surging volume confirms heavy buyer accumulation.
✅ Momentum: Short-term EMAs in positive crossover (Daily/Weekly). MACD & RSI rising. 🚀
Key Levels to Watch:
🎯 Target: 1375
🛡️ Support / Pullback: 1200 (Previous resistance turned support)
Keep a close eye on price action over the coming days to see if the stock can sustain this high-volume trajectory! 📈
Are you tracking setups across the IT midcap basket? Share your perspective below! 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.