Weekly breakout . Can be a silver lining at the end of a tunnel

há 4 dias

DCMSHRIRAM
Time Frame :- Weekly
Study :-

• Tested Twice in past .
  
• Was in consolidation for long time(june 2021- November 2024).
  

Conclusion :-
₹1251 was a strong resistance. Breakout check ✅️

Time Frame:- Daily
Study :-

• Was obeying Trendline
  
• Tested trend line twice
  
• Forming ascending wedge
  

Conclusion:-
Breaking of trendline . Breakout ✅️

Conformation:- Volume Breakout(breaking 20MA)Breakout✅️

Cautions ❗️:- RSI heading toward over bought zone so may correct for conformation. Do your own study before investing.
Stop loss :- Bellow previos day low