Kabra Extrusion Technik Ltd Breakout.

30 thg 12, 2024

Breakout Alert: The stock has successfully broken out of a consolidation zone with strong bullish momentum.

Trend: It is in a clear uptrend, trading above both the 50 DMA and 200 DMA, indicating sustained strength.

Volume: The breakout is backed by significant volume, adding confidence to the move.

CMP565

Key Levels to Watch:T1 (Target 1): ₹596
T2 / ATH (All-Time High): ₹642
Stop Loss (SL): ₹491 (on a closing basis)

Watch if the stock is breaking ATH with good volume and wide range candle for fresh entry or adding to existing positions.

Risk Management: Consider the broader market trend while positioning. Use proper position sizing to manage risk.

Disclaimer: This analysis is for informational purposes only. Please do your own research before making any trades.