Trendline Breakout:
The orange trendline highlights a resistance level formed by previous highs.
The stock has recently broken above this resistance with significant upward movement, indicating bullish momentum.
Support Level:
A strong support is evident around ₹860.90 (marked by the blue horizontal line). This level has been tested multiple times in the past, making it a reliable support.
Volume Analysis:
The volume has spiked alongside the price breakout, suggesting strong buying interest and confirmation of the breakout.
Current Price:
The stock is trading at ₹1,156.20, up by ₹154.55 (+15.43%) during the observed period.
Market Sentiment:
The breakout and increased volumes indicate positive market sentiment for this stock.
Future Outlook:
If the momentum continues, the stock might aim for new highs. However, investors should monitor for profit-booking or corrections near resistance levels.
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