Vidhiing is exhibiting a strong ascending triangle pattern

9月24日

Vidhi Specialty is exhibiting a strong ascending triangle pattern on the weekly chart with the stock breaking out above the resistance level at 490, indicating bullish momentum. The consistent support at the 50 EMA, currently at 440 and the RSI trending upwards suggest increasing buying interest. The breakout is confirmed by above-average volume reinforcing the potential for further upside. Immediate resistance is around 560 while support lies at 440 making the risk reward favourable for long positions.