UCAL LTDLong
UCAL Breakout with Huge Volume. Add to your WL
Key Highlights
1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range.
2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation.
3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum.
Pattern Insights
📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green).
📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation.
🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative.
Trade Plan
📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels.
🎯 Targets:Target 1: ₹300
🎯Target 2: ₹338.50
❌ Stop Loss: ₹205 for long-term/positional trades.
💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range.
Key Reminder
1⃣ Market Condition: The overall market is currently bearish. Exercise caution.
2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario.
3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range.
2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation.
3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum.
Pattern Insights
📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green).
📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation.
🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative.
Trade Plan
📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels.
🎯 Targets:Target 1: ₹300
🎯Target 2: ₹338.50
❌ Stop Loss: ₹205 for long-term/positional trades.
💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range.
Key Reminder
1⃣ Market Condition: The overall market is currently bearish. Exercise caution.
2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario.
3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
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