PURE PRICE ACTION - BULLISH BREAKOUT
With tech stocks in great momentum TECHM is all set for a upside rally.
Breakout from the previous support turned resistance with heavy volumes clearly indicates the charge of bulls confirmed by the strength in momentum by RSI>60.
May show some profit booking/correction on intra day basis but buy on dips will be a good bet for a short term perspective as a price action is quite bullish. Wait and catch the right price action.
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy investing!
Breakout from the previous support turned resistance with heavy volumes clearly indicates the charge of bulls confirmed by the strength in momentum by RSI>60.
May show some profit booking/correction on intra day basis but buy on dips will be a good bet for a short term perspective as a price action is quite bullish. Wait and catch the right price action.
Disclaimer: Take this view for educational purpose. Trade on your own risk.
Happy trading. Happy investing!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.