Support Resistance zone Breakout with Volume

11 בנוב׳ 2021

Here it is clearly shown that there is horizontal Trend line zone area, where the price got couple of times resistance and same area it got support also and now recently price had given good breakout (with good intensity of volume) of that same level now, trend indicator macd in multi time frame is also suggesting positive along with rsi strength in multi time frame positive, we can expect the price could start the rally towards previous all time high.

Weekly macd is positive crossover and Uptick and also above zero line

Daily macd is positive crossover and Uptick and also above zero line

Weekly RSI is Uptick and also above 60

Daily RSI is Uptick and also above 60


Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing