The stock gapped up at the opening after posting strong the Q2, 2021 results yesterday after market closed.
Revenue grew of 8.8% q/q and 25.6% y/y. and Net income grew 11.1% q/q and 20.8% y/y.
The stock is trading in an uncharted territory and trending above its all key moving averages in multi- time frame chart and has closed on positive note consecutively from the past six months.
The stock gapped up at the open and trendline breakout today on above average volume.
The stock came out of its consolidation zone almost after three and half months with a positive bias.
The momentum indicator RSI has given a sharp rise and entered in bullish territory today with upward slope formation and another momentum indicator MACD also gave a positive cross over in this counter.
The stock broke out of a cup-with- handle base and formed two bullish candles on the daily chart on above average volume.
The It has gained 13% from its pivot level in the past two days after a 25% correction in seven weeks and currently the stock is in bullish momentum.
The stock is trending above its all key moving averages on a multi- time frame chart .
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