Timeframe: Daily | Chart Scale: Linear
Explosive +8.24% surge today backed by a massive 21.83M volume spike! 🔥
Technical Highlights:
✅ Trend Breakout: Broke out of a sideways consolidation (since May '26) yesterday, with strong confirmation today!
⚠️ Resistance Test: Pushing directly into long-term horizontal resistance (active since Jan '24).
✅ Volume: Rising volume trend shows aggressive buyer accumulation.
✅ Momentum: Short-term EMAs in positive crossover (Daily/Weekly/Monthly). MACD & RSI rising. 🚀
Key Levels to Watch:
🎯 Target 1: 77 (Contingent on breaking resistance)
🎯 Target 2: 85
🛡️ Support / Pullback: 63
Keep a close eye on price action over the coming days to see if the stock can absorb the overhead supply and trigger the resistance breakout! 📈
Are you tracking setups across the mid-cap IT basket? Share your perspective below! 👇
Explosive +8.24% surge today backed by a massive 21.83M volume spike! 🔥
Technical Highlights:
✅ Trend Breakout: Broke out of a sideways consolidation (since May '26) yesterday, with strong confirmation today!
⚠️ Resistance Test: Pushing directly into long-term horizontal resistance (active since Jan '24).
✅ Volume: Rising volume trend shows aggressive buyer accumulation.
✅ Momentum: Short-term EMAs in positive crossover (Daily/Weekly/Monthly). MACD & RSI rising. 🚀
Key Levels to Watch:
🎯 Target 1: 77 (Contingent on breaking resistance)
🎯 Target 2: 85
🛡️ Support / Pullback: 63
Keep a close eye on price action over the coming days to see if the stock can absorb the overhead supply and trigger the resistance breakout! 📈
Are you tracking setups across the mid-cap IT 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.