UCAL LTDGiá lên
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.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.