Authum Investment has given a strong breakout above its previous all-time high of 2,550, with the formation of a bullish marubozu candle and a notable rise in trading volumes—signaling a continuation of the uptrend.
The breakout zone lies between 2,525–2,550, and the CMP is Rs 2,549.80. The stock is trading well above key moving averages and even above the upper Bollinger Band, suggesting heightened bullish momentum.
RSI is in a strong bullish zone, confirming the positive sentiment. Short-term price targets are seen at 2,750 and 2,900, while support lies at 2,480 and further lower at 2,400. Any dip toward the 2,500–2,525 range may present a good entry opportunity.
(Note: Always consult your financial advisor before making any investment decision.)
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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