๐ CreditAccess Grameen Ltd. โ Fresh Breakout with Rising RSI
CREDITACC
๐ธ Breakout Confirmation:
Strong breakout above โน1,280 resistance.
Price holding above previous consolidation zone.
๐ธ RSI Momentum:
Rising RSI โ Current level: 64.44.
Positive momentum building for potential further upside.
๐ธ Short-Term Outlook:
Possible minor pullback toward โน1,280โโน1,300 support.
Pullback likely to act as a healthy retest zone.
๐ธ Support Structure:
Green ascending trendline remains intact.
Trend remains bullish as long as price holds above the trendline.
๐ธ Next Target:
Sustained move could take the stock above โน1,400 towards new highs.
๐ Quick Take:
Bullish bias holds.
Watch for a dip to support for potential fresh entry.
๐ข Disclaimer:
This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held.
๐งโ๐ผ Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332).
๐ Investments are subject to market risks. Read all related documents carefully.