Breakout with Bullish Momentum
✅The stock has been in a consolidation phase between ₹440 and ₹560. Recently, the price has shown signs of breaking out above the upper resistance level, indicating a potential bullish move.
✅ Immediate support around ₹520, which was a recent resistance level. Stronger support near ₹480, aligning with the lower range of the consolidation.
✅ There is a noticeable increase in volume accompanying the breakout above ₹560, indicating strong buying interest and supporting the bullish breakout.
✅ RSI is trending upwards, indicating increasing bullish momentum without being overbought. The MACD histogram shows increasing bullish momentum, with the MACD line crossing above the signal line, suggesting a buy signal.