Stock has broken out above its resistance zone on the weekly chart. This indicates strength and potential for the stock to reach out towards its next resistance zone which is it's all time high.
Breakout is supported by very heavy and above average volumes. Delivery % in this week has also been above average, indicating underlying strength of buying and a bullish outlook ahead.
Analysis is purely on price action coupled with volume analysis.
Breakout is supported by very heavy and above average volumes. Delivery % in this week has also been above average, indicating underlying strength of buying and a bullish outlook ahead.
Analysis is purely on price action coupled with volume analysis.