RBZ Jewel-About to Breakout. Risky Bet.
Very Risky Bet. Stock tends to hit LC UC. If you are poor at Risk Management then avoid. Or trade very Light.
Key Levels:
Entry Level:₹223.34 is marked as the ideal breakout entry point for a long position.
Stop Loss (SL):₹188.34, a critical level for risk management, where positions should be exited if the price moves below this point.
Target (T1):₹249.07, indicating the short-term price target for profit booking.If T1 is broken can look for adding more.
Trend Analysis:
The stock has been on an upward trajectory after consolidating in the previous months.
A strong breakout above the ₹223.34 level with volume will confirm bullish momentum.
The stock is trading above its 200-day moving average, indicating a positive long-term trend.
Risk-Reward Consideration:
The risk-reward ratio is favorable, with the potential upside to ₹249.07 and downside limited to ₹188.34.
Next Steps:
Wait for confirmation of price movement above ₹223.34 with volume.
Monitor price action closely and adjust the stop loss to protect gains if the price moves significantly toward the target.
#StockMarketIndia #investing
Key Levels:
Entry Level:₹223.34 is marked as the ideal breakout entry point for a long position.
Stop Loss (SL):₹188.34, a critical level for risk management, where positions should be exited if the price moves below this point.
Target (T1):₹249.07, indicating the short-term price target for profit booking.If T1 is broken can look for adding more.
Trend Analysis:
The stock has been on an upward trajectory after consolidating in the previous months.
A strong breakout above the ₹223.34 level with volume will confirm bullish momentum.
The stock is trading above its 200-day moving average, indicating a positive long-term trend.
Risk-Reward Consideration:
The risk-reward ratio is favorable, with the potential upside to ₹249.07 and downside limited to ₹188.34.
Next Steps:
Wait for confirmation of price movement above ₹223.34 with volume.
Monitor price action closely and adjust the stop loss to protect gains if the price moves significantly toward the target.
#StockMarketIndia #investing
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