Breakout stock for next week

5 674
Sky Gold Limited is engaged in the business of designing, manufacturing, and marketing gold jewellery. Co. follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores who sell these products through online platforms and retail stores.

In the Q3 FY25 earnings conference call co. revised revenue guidance to INR 7,200 crore from the previous guidance of INR 6,300 crore, reflecting the addition of new clients like P.N. Gadgil and others.

Breakout screener:
Descending Triangle Breakout Setup
RSI near 65 and rising
Trading above EMA50
Volume spurt
5+ months of consolidation

Disc: for study, not a recommendation

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