Fantastic Pre-Breakout Trade Opportunity-DHANBANK

TTS007 Updated   
The stock has displayed a strong upward trend, showcasing an impressive run before entering a consolidation phase lasting approximately 3 months. Throughout this period, the 50-day Simple Moving Average (SMA) has acted as a robust support level, indicating a solid foundation for potential bullish momentum.

Despite two unsuccessful attempts to break out during the consolidation, the stock has remained resilient and is once again gearing up for another breakout attempt. The repeated testing of resistance suggests increasing pressure, and a successful breakout could signal a renewed bullish trend.

Technical Indicators:

1.50-day SMA Support: The consistent support provided by the 50-day SMA indicates a strong
base for the stock, enhancing the probability of a successful breakout.

2.Repeated Breakout Attempts: The stock's resilience in attempting to break out multiple times
signals a building momentum, potentially leading to a breakthrough.

3.Volume Analysis: Observe increasing or sustained volume during breakout attempts, as this
can validate the strength of the potential upward move.

Trade active
Trade active:
Booked Partially.
Booked 70% holding today.


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