12054 Consolidation breakout
Updated
Reason for long
a) Consolidation breakout
b) Weekly breakout
c) Price sustaining above 686 is long, as it Recent selling on 4 Aril 2024
d) Price above POC and vwap is good sign
e) Open = Low set up for entry above the high of the candle
f) Positive volume accumulation
e) SL compulsory
Challenges are a) Expensive valuation
b) public participation increased
c) No Major FII
d) 10% promotor share % decreased in Sep 2023
Hence SL compulsory
a) Consolidation breakout
b) Weekly breakout
c) Price sustaining above 686 is long, as it Recent selling on 4 Aril 2024
d) Price above POC and vwap is good sign
e) Open = Low set up for entry above the high of the candle
f) Positive volume accumulation
e) SL compulsory
Challenges are a) Expensive valuation
b) public participation increased
c) No Major FII
d) 10% promotor share % decreased in Sep 2023
Hence SL compulsory
Trade closed: target reached
T1 Done
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