A runway gap is seen in the security. A runway gap is a gap which is formed in a continuous movement. As the security from lower level has been moving upwards a runway gap can bring more aggressive buying in the security.

The Security has a hurdle at 343 levels, a move upto 341-343 can be expected once the security is able to close above the given level the security can breach 370 levels.

The Security is trading above the EMA and the RSI is supporting the price move, which is supporting the upward movement.

ANSYS

Mar 30 2022

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