#AIIL Good Breakout with Volume

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#AIIL Good Breakout with VolumeAuthum Investment & Infrastucture LtdNSE:AIILKuldeep222786 The stock price was moving sideways for a long time, trapped between the bottom support near 400.00 and a strong roof or resistance area around 520. We can see that buyers were slowly getting stronger because the stock made higher lows along the grey line at the bottom. The most important action happens at the very end of the chart, where a huge green candle breaks clearly above the 520 resistance box to reach 552. This big upward move is a powerful breakout, and it is confirmed by the very tall green volume bar at the bottom, which shows that a massive number of traders stepped in to buy. This combination of a price breakout and huge volume indicates that the old sideways trend is over and the stock is now showing strong strength to move higher. Accumulate slowly on dips around retracement and have medium term view.