Skipper Ltd Breakout: Aiming for New Highs with Strong Momentum

há 3 dias

Skipper Ltd has given a strong breakout above its consolidation zone on the daily chart, supported by rising volumes, indicating bullish momentum. The stock is trading well above its 21 EMA (₹565) and 50 EMA (₹532), confirming an uptrend. A buy can be considered at the current price of ₹622 or on a pullback near ₹610, with a stop-loss at ₹590. The immediate target is ₹650, followed by ₹680. Monitor the breakout for sustainability and align the trade with overall market sentiment.