MONTE CARLO FASHIONS Approaching Multi-Year Resistance
The stock is nearing its multi-year resistance level around 950, which has acted as a major hurdle in the past. A decisive breakout above this level could open doors for a strong upward rally.RSI is at 69, indicating bullish momentum with room to push higher. Recent price action is supported by consistent volume, signaling strong buying interest.The long-term trendline support near ₹600 has provided a strong base for the uptrend. Sustained movement above 950 with rising volumes will confirm the breakout, potentially leading the stock toward 1100 levels.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
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