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Downtrendbreakout

ASALCBR - 1.5 Months Downtrend / Consolidation Breakout - ATHAssociated Alcohols & Breweries Ltd 1) Time Frame - Daily. 2) The Stock has been in a downtrend / consolidation since (June, 2024) after breaking it's previous life time time of (653.65) . Now It has given a downtrend / consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame. 3) The stock may find it's next resistance around the price (920 - 20% from the price 762.25). 4) Recommendation - Strong Buy.
NSE:ASALCBRLong
by SHRIHARII
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
CIGNITITEC - 4 Months Consolidation / Retracement BreakoutCigniti Technologies Ltd 1) Time Frame - Monthly. 2) The Stock had given an All time high breakout & It has been in a Consolidation since (November, 2023). Now It has given a Consolidation breakout & Closed above it's (November, 2023) High with good bullish momentum candle in Weekly Time Frame. One can consider entering here with weekly TF or Should wait for the strong monthly close above (1204). 3) The stock may find It's next resistance around the (price 1510) in short term. 4) Ev en though the MidCap and SmallCap index were showing weakness in the past week the stock had shown some relative strength and managed to sustain above it's 21 day moving average. Since It's a 3500 Cr Market Cap stock, One need to be cautious & should keep the Stop Loss tight In case of any sudden selling in the stock. 5) Recommendation - Consider Buying it with tight Stop Loss.
NSE:CIGNITITECLong
by SHRIHARII
RALLIS - 2.5 Years Downtrend BreakoutRallis India Ltd 1) Time Frame - Weekly. 2) The Stock has been in a Downtrend since (June, 2021). Now It has given a Downtrend breakout & Closed above it's (December, 2022) High with strong bullish momentum candle & with Huge Volume in Weekly Time Frame. 3) The stock will move towards It's Life Time High price (362.60) in the long term. 4) Since the midcap and smallcap index are under selling bias & It's a 5000 Cr Market Cap company, One need to be cautious & should keep the Stop Loss tight In case of any sudden selling in the stock. 5) Recommendation - Consider Buying it with tight Stop Loss.
NSE:RALLISLong
by SHRIHARII