NAM INDIA BREAKOUT AND RETEST SETUP!!
📊 Setup:
The stock has broken out of a consolidation zone and is now retesting the breakout level around ₹750.
• ✅ Entry:
Consider buying near ₹750 with signs of support.
• 🛑 Stop Loss:
Set a stop loss slightly below the retest level at ₹733.
• 🎯 Target:
Aim for a potential upside target of ₹800, following the breakout momentum.
• 📌 Key Observations:
• The stock is above its key EMAs, signaling bullish strength.
• Look for strong 🔊 volume during the retest to confirm buying interest.
The stock has broken out of a consolidation zone and is now retesting the breakout level around ₹750.
• ✅ Entry:
Consider buying near ₹750 with signs of support.
• 🛑 Stop Loss:
Set a stop loss slightly below the retest level at ₹733.
• 🎯 Target:
Aim for a potential upside target of ₹800, following the breakout momentum.
• 📌 Key Observations:
• The stock is above its key EMAs, signaling bullish strength.
• Look for strong 🔊 volume during the retest to confirm buying interest.
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