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Consolidation-breakout

GRWRHITECH - 3 Months Downtrend Breakout Garware Hi Tech Films Ltd 1) Time Frame - Daily. 2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend / Consolidation breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame. 3) The next resistance would be it's Previous Life Time High (2200 - 6.25% from the price 2070.30). If the stock gives another breakout at (2200) It may move higher and find resistance around (2680 - 29.45% from the price 2070.30). 4) Stock with good fundamentals. 5) Recommendation - Strong Buy
NSE:GRWRHITECHLong
by SHRIHARII
SAREGAMA - 2.5 Years Downtrend Breakout Saregama India Ltd 1) Time Frame - Weekly. 2) The Stock has been in a Downtrend since (January, 2022). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame. 3) The next resistance would be It's previous Life Time High (550.60 - 15% from the price 478.35). Also It may perform well in the long term (Stock is almost debt free with good fundamentals). 5) Recommendation - Strong Buy
NSE:SAREGAMALong
by SHRIHARII