Classical Technical Rising Wedge Pattern is forming on a Daily time frame in LSEG. Proper Fractual nature of short term pattern example can be witnessed. The security has taken support of the Fast EMA (21) indicating a strong support, whereas the Fast and Slow(50) EMA is still trending upward which is indicating an uptrend.
On the volume front the rise in volume during positive price action is indicating buyers are keen to buy the security at current level.
On the momentum front RSI is trading in higher range which indicates uptrend.

Rising Wedge

Dec 12 2023