Covesting Technologies Pvt Ltd
9 Oct • 3:00 PM · SEBI-Registered Analyst
Authum Investment maintains a higher-high structure!!
Authum Investment maintains a higher-high structure Authum Investment & Infrastructure Limited (NSE: AIIL) is showing relative strength despite broad market selling. According to technical analyst Hitesh Rathi of Angel One, the stock has been forming higher highs and higher lows, suggesting that its underlying trend remains positive. The published setup identifies ₹545–₹550 as the entry zone and ₹620–₹630 as the target range. 1. What is happening? The stock has gradually moved higher while maintaining an upward price structure. The ₹500–₹510 zone has acted as an important support area on multiple occasions. The analyst also noted that the stock was invalidating a previous bearish technical setup, suggesting that buyers may be gaining control. 2. Why it matters Relative strength can be useful when the wider market is under pressure. A stock that holds its support and maintains higher lows may be worth monitoring, although this does not guarantee further gains. For Authum Investment, the main question is whether buyers can defend the ₹500–₹510 support band and sustain the recent trend.
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