Click here!) Asian Tiles has been in a 15-month consolidation and during this period it witnessed increased volatility. The stock has confirmed a breakout from this consolidation on the weekly charts with extremely strong volumes. The delivery volumes have been above average as well, suggesting strong accumulation has been seen in the stock and it is now ripe for a strong upside.
The stock is trading above the Ichimoku cloud on the weekly charts and is on the verge of triggering a buy signal in the indicator which can result in the start of a fresh uptrend. Many of the diagnostic stocks have witnessed a strong upside in recent times. Metropolis recently witnessed a breakout from the falling parabola on the weekly charts which was followed by a small consolidation.
The stock has witnessed a follow-through breakout which can push the stock higher. It has witnessed a breakout in RSI on the weekly charts which can give a strong thrust to the stock price. The stock has triggered a buy signal in the Williams Alligator indicator on the weekly charts which can result in the start of a fresh uptrend in the coming weeks.
Nifty Auto has been one of the most consistent major indices in recent times. The upside that started in large-cap four-wheelers and two-wheelers was seen transitioning to auto ancillaries. Bosch has been one of the interesting beneficiaries of this momentum.
The stock has been forming higher highs and higher lows stealthily and has now witnessed a fresh breakout from an eight-year falling trendline pattern on the weekly charts. It has also witnessed a breakout from a small symmetrical triangle pattern which can catapult the stock towards the next hurdle placed at ₹22,500 levels. The stock has witnessed a bullish
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