The breakout was confirmed as higher volume participation is present. Bollinger band plotted on the Daily timeframe has started to expand which tells that the volatility for the prices to go higher is rising.
Extended summer may lift AC sales, but growth likely to fall short of expectations: Praveen Sahay
India’s room air conditioner market anticipates a boost from an extended summer and El Niño, though growth is tempered by conservative dealer inventory stocking. While