Trend line Breakout
Updated
Stock has broken out from the downward sloping trend line on the weekly charts.
Price breakout is accompanied with jump in volumes.
On 27th july 2022 stock surpassed the crucial resistances of 200 days EMA with rising volumes.
After breaking out, stock showed throwback towards previous resistance and expected to resume its uptrend.
Stock is placed above its 20,50,100 and 200 DMA, which indicates bullish trend on all time frames.
indicators and Oscillators like RSI and MACD have been showing strength in the current uptrend.
Target 184/210
Price breakout is accompanied with jump in volumes.
On 27th july 2022 stock surpassed the crucial resistances of 200 days EMA with rising volumes.
After breaking out, stock showed throwback towards previous resistance and expected to resume its uptrend.
Stock is placed above its 20,50,100 and 200 DMA, which indicates bullish trend on all time frames.
indicators and Oscillators like RSI and MACD have been showing strength in the current uptrend.
Target 184/210
Note
275
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