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Libertyshoes

LIBERTSHOE - Weekly Chart Analysis, CMP-369.90After consolidating for a year now it has broken the supply zone 284-334 on good volumes. Earlier it tried twice but did not sustained. Went into good base formation thereafter. 280-284 shall now act as good support. Weekly close below this will weaken it again. Over the upside, 442 - 469 - 579 - 898 are the levels that can be tested over the long term. Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:LIBERTSHOELong
by marketmoneymohmaya
📈Liberty Shoes Ltd - Potential Breakout OpportunityHello fellow traders and investors, I'd like to highlight an intriguing stock that has caught my attention - Liberty Shoes Ltd . This company has been consolidating for an extended period, and it appears to be setting up for a potentially exciting move. Here's what you should know: 🔒 Long-Term Consolidation : Liberty Shoes Ltd has been in a prolonged consolidation phase, displaying remarkable resilience during this period. Such extended consolidations often precede significant price movements, and patience can be rewarded in these situations. 🔄 VCP Base Formation: What's particularly intriguing is the formation of a Volatility Contraction Pattern (VCP) base. The VCP is a technical pattern characterized by a gradual tightening of price volatility. It signifies a period of accumulation and preparation for a potential breakout. This pattern is favored by some of the most successful investors and traders. 🚀 Potential for Range Breakout: With a VCP base in place, Liberty Shoes Ltd might be gearing up for a range breakout. A breakout from this consolidation phase could result in a substantial price move. This could be a game-changer for those seeking to capitalize on such setups. 💼 Significant Returns (6-12 Months): While nothing is certain in the market, the technical setup on Liberty Shoes Ltd suggests the potential for significant returns over the next 6-12 months if a successful breakout occurs. Keep in mind that market conditions can change, so regular monitoring is essential. 🚦 Risk Management is Key: As always, it's crucial to manage risk effectively. While the setup is promising, it's wise to diversify your portfolio and allocate an appropriate portion to this trade. Remember that all investments carry inherent risks, and past performance is not indicative of future results. Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Conduct your own research, assess your risk tolerance, and consult with a financial advisor if necessary before making investment decisions.(only for educational purposes) What are your thoughts on Liberty Shoes Ltd? Do you see the potential in this VCP setup? Share your insights below, and let's discuss this exciting opportunity! 🚀📊👞
NSE:LIBERTSHOELong
by aryn_9