KRISHANA PHOSCHEM LTD | Major Breakout Ahead? Hey Family, here’s another stock showing a strong technical setup! 🚀
Key Observations:
Pattern : Formation of a Rectangle Box Pattern on the Daily Timeframe (1D).
Range Period:
Stock moved within a horizontal range between June 2024 to April 2025.
Multiple tests near the upper resistance band during this period.
Resistance Behavior:
Price repeatedly tested the resistance zone around ₹278–₹285.
Now showing signs of a breakout attempt and trying to sustain above the range.
Volume Insight:
Noticeable volume accumulation over the past few sessions.
Volume spikes during breakout candles suggest strong buyer interest.
Candlestick Structure:
Strong bullish candles with minimal rejection indicate a genuine attempt to break out.
🚨 Disclaimer: What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
🚨 Note: Always manage risk and do your own research.
