Signal: BUY 📈
Confidence: 90%
Take Profit Target: 1,600 INR 🟢
Stop Loss Target: 1,300 INR 🔴
Analysis:
Strong Uptrend 📈
The stock is in a clear and strong uptrend, making higher highs and higher lows consistently.
Volume Increase 📊
There is a significant increase in volume accompanying the recent price rise, indicating strong buying interest.
Support from Moving Averages 📉📈
The price is well above the key moving averages (both short-term and long-term), providing strong support.
Bullish Candlestick Pattern 🕯️
The recent candlesticks show a bullish pattern, confirming the upward momentum.
Breakout Above Resistance 🚀
The stock has broken above a key resistance level at around 1,316 INR, indicating potential for further gains.
Price targets based on Fibonacci extension levels suggest the next target around 1,600 INR.
Market Sentiment 🟢
Overall positive sentiment in the market for this sector, supporting the bullish outlook.
Disclaimer: This is not trading advice. Always perform your own research before making any trading decisions.