Bullish Outlook on #AIIL
#AIIL Authum Investment & Infrastructure Ltd. has shown a promising breakout from a prolonged consolidation phase, forming a Cup and Handle pattern on the daily chart. Key
observations:
Volume Confirmation: The breakout is accompanied by a significant rise in volume, confirming strong buying interest.
All-Time High Potential: The price is moving toward uncharted territory, suggesting strong bullish momentum.
Support Zone: The consolidation range now acts as a strong support zone for any pullback.
Relative Strength: The stock is outperforming its peers, showcasing superior relative strength.
Recommendation:
Entry Point: Buy on dips near the breakout level (around ₹1,850–₹1,900) for optimal risk-reward.
Target: ₹2,100 and above, based on pattern projections.
Stop Loss: Place a stop loss below ₹1,750 to manage risk.
Authum appears to be in Stage 2 (Advancing), making it an attractive candidate for positional traders. Fundamentals and further price action will dictate long-term potential.
observations:
Volume Confirmation: The breakout is accompanied by a significant rise in volume, confirming strong buying interest.
All-Time High Potential: The price is moving toward uncharted territory, suggesting strong bullish momentum.
Support Zone: The consolidation range now acts as a strong support zone for any pullback.
Relative Strength: The stock is outperforming its peers, showcasing superior relative strength.
Recommendation:
Entry Point: Buy on dips near the breakout level (around ₹1,850–₹1,900) for optimal risk-reward.
Target: ₹2,100 and above, based on pattern projections.
Stop Loss: Place a stop loss below ₹1,750 to manage risk.
Authum appears to be in Stage 2 (Advancing), making it an attractive candidate for positional traders. Fundamentals and further price action will dictate long-term potential.
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