Uptrend stock - Upside Breakout [NS]
Maybulk rose above DTL with its daily RSI indicator in an uptrend coupled with HH and HL bullish structure remain intact. Hence, we see a possibility of further movement towards resistance R1 at 0.785 followed by R2 at 0.83. The downside support is projected at 0.65 followed by 0.555. A breach below S2 will negate this bullish outlook.
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Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only
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