KIMS – Daily Timeframe Breakout Idea (Resistance Zone Break)

Jul 7

KRISHNA INSTITUTE OF MEDICAL SCIENCE has shown a breakout above a key horizontal resistance on the daily chart, accompanied by a ~2x volume surge, supported by strong momentum.

🔍 Breakout Context:
- Price broke above the ~692.20 horizontal resistance, which had held for over 2 months.
- Breakout supported by <2x average volume and just above average range on the breakout candle.
- The price is also trading above both the 50- and 100-day SMAs, indicating strong trend continuation.
- This aligns with a bullish continuation setup.

📉 Trade Plan:
- CMP: ₹694
- Entry: Near ₹695
- Target: ₹746 (~7.25% upside from CMP)
- Stop-Loss: ₹669
- Risk-Reward Ratio: ~1 : 2.0

📌 Note:
- Avoid chasing the extended move unless confident in intraday momentum.

⚠️ Disclaimer: This post is for educational purposes only and not financial advice. Always do your research or consult a financial advisor before trading.

Jul 17

Trade active

Target achieved.
2R done, 50% qty, you may continue to hold with a trailing stop loss

Jul 23

Trade closed: target reached

3R achieved.
Clear and good trade.