This 1-hour chart of PhysicsWallah Ltd shows a clear descending trendline that acted as strong resistance multiple times. The stock faced repeated rejections from this level, confirming bearish pressure earlier. Recently, price has given a decisive breakout above the trendline with improving momentum. This breakout signals a potential short-term trend reversal. If the stock sustains above the breakout zone, further upside movement and continuation of bullish momentum can be expected.
Swing Trade Details:
- Stock Name: PhysicsWallah Ltd.
- Trade Type: Trendline Breakout
- Upside Potential: 16.00%
