Today, the stock broke out from a six-week-long cup pattern on above average volume.
Simultaneously, the RS line is trending upward.
The slope of the momentum indicator RSI on multi-timeframe charts has turned upward with a positive crossover.
The stock has a good EPS Rank 62 and a Buyer Demand Rating of A. The number of funds holding the stock has also increased substantially in the last quarter.
The stock has had a downward sloping trendline breakout on November 16, 2021 on above average volume.
The stock was facing strong resistance at INR 81–84. Today, it has broken out from that level with positive RSI and MACD crossover.
This week, the stock has formed a “golden crossover” and a bullish candle.
The slope of the momentum indicator RSI on multi-timeframe charts has turned upward with a positive crossover.
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