Weekly breakout . Can be a silver lining at the end of a tunnel
DCMSHRIRAM Time Frame :- Weekly
Study :-
- Tested Twice in past .
- Was in consolidation for long time(june 2021- November 2024).
Conclusion :-
₹1251 was a strong resistance. Breakout check ✅️
Time Frame:- Daily
Study :-
- Was obeying Trendline
- Tested trend line twice
- Forming ascending wedge
Conclusion:-
Breaking of trendline . Breakout ✅️
Conformation:- Volume Breakout(breaking 20MA)Breakout✅️
Cautions ❗️:- RSI heading toward over bought zone so may correct for conformation. Do your own study before investing.
Stop loss :- Bellow previos day low
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