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Turbo Breakout in SCHAND NSE:SCHAND S Chand & Co. Ltd. engages in publishing and trading educational books. It operates through the Domestic and Overseas geographical segments. Timeframe - Day Chart Analysis 🧐 🔹View: Breakout of range. 🔹Structure: - The stock has been in a range from the start of March 2024 and now it has taken support of the weekly trend line and moved above 200 EMA. - It should give a breakout soon as the earnings are due in a few weeks. -RSI Forming a bullish divergence. - Volumes are low on downfall moves and up moves are on good volume spikes. 🟢Entry: I am considering Two possible entry scenarios 1st - Buying above the last four days range @255 This would be regarded as an aggressive entry. 2nd - Taking a breakout entry above the range 256, That's a breakout of the extreme range which is a horizontal resistance and inverse head and shoulder pattern ♦️Risk : - Stop should be kept below the recent swing low at 225 on day candle closing basis. 🎯Targets:- Target levels are marked on the chart With blue line based on Fibonacci retracement zones. Detailed analysis on chart Study it and mark levels on your chart
NSE:SCHANDLong
by SANJAYPATIDAR_