Buyers lead the stock to close above its previous Nearest Reversal very quickly but sellers are taking time to drop the stock as shown below, which indicates that either sellers are weak or Buyers are still present there.
Stock going up from its Daily DZ (₹2,715 To ₹2,675).
Formed one low quality RBR as well & now going up after hitting that RBR only. Which clearly indicates that buyers are in full control on all Time Frames.
Conclusion:
The overall view is bullish. Stock will go up to ₹3,015 levels easily & will hit ₹3,560+ levels if stock is closed above ₹3,244 on weekly TF.
1️⃣ Bull 🐂
Bulls are investors who are optimistic about the Stock Market. They believe the price will continue to rise. A sustained uptrend is called a Bull run.
2️⃣ Bear 🐻
Bears are the opposite of bull. They are pessimistic about the Stock Market & believe that prices are likely to fall. When shares consistently decline, it is called a Bear Market.