Weekly Picks 11th November 2024

TAJGVK LTP 338.5

(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

• TAJGVK has broken out of a triangle pattern on the weekly chart, with prices holding above the upper band, indicating a strong upward move.
• The breakout was accompanied by above-average volumes, further validating the breakout strength.
• The Momentum Indicator RSI (14) has broken a downward-sloping trendline, rising above 50 levels, signaling bullish momentum.
• The stock is trading above its 50 EMA on the weekly chart, sustaining a bullish trend.
• The MACD indicator has also shown a bullish crossover below its polarity level, pointing to potential early reversal signs

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