Range bound breakout in Bharti Hexa

20 thg 12, 2024

BHARTIHEXA
A range-bound ATH breakout is about to happen in the daily time frame. There can be 2 possibilities for the breakout:-
It will straightway go for the breakout with some retracement
It can touch its previous support of 1300 & then bounce back to try for the next time.
Buy only after a strong confirmation with a strong bullish candle with a smaller wick between the range 1560-1580
Tgt for at least 200 points within 3-5 months.
Put a stop loss of recent swing or calculate the basis Risk: Reward Ratio.