Goldiam International Ltd. (1W) – Range Breakout
Goldiam International appears to be breaking out of a long consolidation range that has been developing for several months. Price has reclaimed the upper boundary of the range near ₹425-430, indicating renewed buying interest. The recent move is supported by improving momentum, with weekly RSI climbing above 60 and remaining above its signal line.
Key Levels
* Immediate Support: ₹425.65
* Range Support Zone: ₹307 – ₹325
* Current Price: ₹478.80
* Immediate Resistance: ₹563
* Breakout Target 1: ₹563
* Extended Target (on sustained breakout): ₹650 – ₹680
Technical Observations
✅ Multi-month range breakout above ₹425
✅ Higher lows formation visible on weekly timeframe
✅ RSI strengthening above 60, suggesting positive momentum
✅ Volume expansion during recent upmove adds credibility to the breakout
Goldiam International appears to be breaking out of a long consolidation range that has been developing for several months. Price has reclaimed the upper boundary of the range near ₹425-430, indicating renewed buying interest. The recent move is supported by improving momentum, with weekly RSI climbing above 60 and remaining above its signal line.
Key Levels
* Immediate Support: ₹425.65
* Range Support Zone: ₹307 – ₹325
* Current Price: ₹478.80
* Immediate Resistance: ₹563
* Breakout Target 1: ₹563
* Extended Target (on sustained breakout): ₹650 – ₹680
Technical Observations
✅ Multi-month range breakout above ₹425
✅ Higher lows formation visible on weekly timeframe
✅ RSI strengthening above 60, suggesting positive momentum
✅ Volume expansion during recent upmove adds credibility to the breakout
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.