Chart Idea: Technocraft Industries – Breakout Watch
🔑 Technical Setup
Resistance Zone: ₹3,364.25 → Price needs to break above for momentum.
Support Zone: ₹3,234.05 → Holding this is crucial for bullish bias.
Target: ₹3,656.00 (based on price action breakout levels).
📝 Analysis
The stock has been consolidating near a major resistance level.
A sustained breakout above ₹3,364 could trigger a rally toward ₹3,656.
If the price fails to hold support at ₹3,234, we may see downside pressure.
Volume confirmation will be key to validate the breakout.
⚠️ Risk Management
Entry Zone: On a confirmed breakout above ₹3,364.
Stop Loss: Below ₹3,234 (recent support).
Risk-Reward Ratio: Favorable if breakout holds.
📌 Disclaimer: This analysis is for educational purposes only and not financial advice. Please do your own research or consult a financial advisor before making investment decisions.
Resistance Zone: ₹3,364.25 → Price needs to break above for momentum.
Support Zone: ₹3,234.05 → Holding this is crucial for bullish bias.
Target: ₹3,656.00 (based on price action breakout levels).
📝 Analysis
The stock has been consolidating near a major resistance level.
A sustained breakout above ₹3,364 could trigger a rally toward ₹3,656.
If the price fails to hold support at ₹3,234, we may see downside pressure.
Volume confirmation will be key to validate the breakout.
⚠️ Risk Management
Entry Zone: On a confirmed breakout above ₹3,364.
Stop Loss: Below ₹3,234 (recent support).
Risk-Reward Ratio: Favorable if breakout holds.
📌 Disclaimer: This analysis is for educational purposes only and not financial advice. Please do your own research or consult a financial advisor before making investment decisions.
Nota
FII increased slightlyTrade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.