HLE GLASCOAT LTD (NSE: HLEGLASCOAT) HLE GLASCOAT LTD (NSE: HLEGLASCOAT)
Positional Analysis (Weekly TF)
Breakout: Stock has decisively broken out of a long-term downward channel, as indicated by a strong bullish candle above resistance (blue arrow).
Volume: Surge in volume (highlighted with green circle) confirms genuine buying interest behind the breakout.
RSI: RSI is now at 71.49 territory and above its moving average (66.37), signaling strong momentum.
Outlook: Sustaining above the breakout zone could open up higher levels. Momentum and volume confirm buyer dominance, but overbought RSI suggests being cautious of possible short-term pullbacks.
Invalidation: Falling back into the channel or closing below breakout levels would weaken the bullish case
