Contains IO script
KROSS - Ready For IPO Base BreakoutKROSS - Ready For IPO Base Breakout
Price is consolidating tightly near resistance zone, indicating reduced selling pressure and potential for a breakout. ₹225-₹230 serves as the breakout level.
Volume Trends:
Volume decreased during the handle formation, showing healthy consolidation.
Expect an increase in volume on a breakout above ₹230 to confirm the move.
Targets:
Based on the cup's depth, the potential upside can be projected at ₹270, ₹300, and ₹330 as key resistance levels.
Entry Point:
A confirmed breakout above ₹230 with high volume would signal an entry.
Stop Loss:
Place a stop loss below ₹210, which is slightly below the handle's lower boundary, ensuring a favorable risk-reward ratio.
ADFFOODS - Double Bottom Pattern Breakout on Daily ChartADFFOODS - Double Bottom Pattern Breakout on Daily Chart
After giving a good rounding bottom base breakout, the stock is moving up by forming some patterns like Darvas Box pattern and Double bottom pattern.
Currently, it has give a double bottom breakout with massive volume indicating more possible upsides.
Dabur at Value BuyWeekly Time Frame Dabur Sector FMCG.
Price action at strong weekly demand/ support zone.
Price yet to make a Lower low as per market structure.
RSI is at a Lower Low as per the structure theory.
A Hidden Bullish divergence (Positive Reversal) identified on weekly time frame. Highlighted with blue lines on Price chart and RSI chart.
Wait for Price swing and structure break above 542. which is previous swing high.
This is a long term perspective value pick to portfolio addition. Not a short term swing trade.
Dabur is a key rural FMCG player, India growth is due in rural market. Long term pick
The post is as part of my stock watchlist and sharing here for educational purpose. Pls do your due diligence before investing.