On the weekly chart, prices have confirmed a Cup and Handle bullish reversal breakout, supported by strong volumes and a robust bullish candlestick formation.
On the momentum front, the weekly RSI (Relative Strength Index) smoothed indicator has moved past the 60 level, signaling a pickup in positive momentum and strengthening prospects for further upside in the near term.
Rajesh Bhosale, Equity Technical Analyst, Angel One
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