Stock name: Macrotech

Pattern: Near a resistance

Time frame: Daily

Observation:

The stock was in a downtrend for more than 1 year and is recently witnessing up-move with very high volumes. However, there seems to be a resistance around 1220 levels. Once it takes out the said resistance, we may see more upside. However, if it is not able to clear the said levels, buying momentum may fade away.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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