Weekly Picks 22nd December, 2024

1. NAMINDIA LTP 747

(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

• NAMINDIA on the weekly chart has witnessed a rectangle pattern breakout above 750 levels and prices sustained above the same.
• The counter is trading in a higher high higher low formation on the broader time frame.
• Momentum Indicator RSI (14) is reading in a bullish range shift zone between 50 – 70 levels with a bullish crossover.
• Stock has been trading above 10, 21, and 50 EMA on the weekly chart maintaining the bullish momentum.

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