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The stock price of this company had been consolidating after bottoming out in the month of March at Rs 881. Thereafter the price formed higher lows and is now testing the resistance of a falling trendline. Sustenance above the resistance is likely to start a bullish move in the short term. The recent surge in volume is supportive of the breakout. ....
The stock of this company has gained a substantial upside of 38% over the last three months. Recently, the price failed in its attempt to close above the June peak. The candle formed at the top resembles a Spinning Top, which suggests a lack of confidence in the ongoing trend. The lack of participation is visible in the volume. ....
The stock of this company has been sliding lower since making a peak in January. Recently, it formed a bottom in April and has been rising gradually, thereafter. Now the price has given a falling-trendline breakout, which suggests that the short-term trend has turned bullish. The breakout is supported by a rise in volume, which increases the reliability of the breakout. ....
The stock of this company has been sliding lower since forming a top in October 2022. However, the stock has managed to hold on to its March low and has been consolidating ever since. Recently, the price has formed a higher low and has started rising gradually. The upside move is supported by an increase in volume. ....
The stock of this company has been seen consolidating in a wide range of Rs 1,370 – Rs 1,190 since February. Within the wide range, it had recently formed a higher low after which the price has risen above the resistance offered by a horizontal trendline, thereby giving a range breakout. The volume has increased considerably over the past few sessions, increasing the breakout’s reliability. ....