According to the Shahr-e- Bourse, a review of the “Tekno” price chart on the daily timeframe indicates a powerful and rare bullish rally. This stock, after rebounding from its long-term ascending trendline (the diagonal green line) at lower levels, met with heavy buyer support and began its upward trajectory.

The golden point in recent trading is the price’s decisive crossover of two major resistance barriers. First, the price powerfully exited the “consolidation zone” or purple box (2400 to 2600 tomans). Subsequently, in the latest developments, it succeeded in breaking the 3302-toman ceiling (upper blue line).

Currently, the stock is trading in the 3416-toman range, signaling price stabilization above the broken resistance levels. Technical experts believe the breakout of the 3302-toman ceiling has issued a signal for the continuation of the uptrend. As long as the price remains above this level, buyers will hold the upper hand in trades.

From a capital management perspective, the 2600-toman range (top of the purple box) and the ascending trendline are now considered the stock’s strategic and long-term support levels.