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Mukadam
Mar 26, 2024 10:18 AM

Triveni Turbine, attempt at breakout Long

TRIVENI TURBINE LTDNSE

Description

Its attempting a Breakout, volumes are ok but not very high as expected on a breakout, lets see if it holds?

Not confirmed 100%, say 75%, I will update if i get time.

Disclosure: i hold the stock bought over last year.
This is charted for my own benefit and part of my learning and investing process, i am a retail long term investor.

This is purely a technical chart observation, please check the fundamentals before investing. And consult your financial adviser.

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The breakout has held strong as per the price action, but still keep a solid stoploss at the Low of the breakout retest it did 2 days after @518, keep a trailing stoploss at any higher lows it forms in its upward journey.

Trade active

Need more volume to sustain the breakout

Trade active

watchout with the stoploss

Trade closed: stop reached

Stop hit for the breakout long, as i hold very long term positions in profit, i am holding till after elections.
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