Today, the stock broke out above a 13-week -long IPO base [consolidation] pattern on above average volume.
Likewise, its RS line also broke out above a trendline connecting its November high to the June high.
Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
The stock has a fair EPS Rank of 66, and a great buyer demand rating of A.
The stock has been trading in a 13-week- long cup -with -handle pattern and sideways in the range of INR 41-61.
Today, it had a small downward sloping channel breakout on above average volume.
Simultaneously, the slope of momentum indicators like RSI on multi- timeframe charts has now turned upward with a positive crossover, along with positive MACD.
Disclaimer: Today, we have already recommended this stock as part of the SWTI portfolio.
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