Aegis Trying to breakout of a long consolidation.

7 Jan

Observations:

1⃣Trying to break out of consolidation/DarvasBox.
2⃣Closed Right below previous ATH/Resistance.
3⃣Huge Volume
5⃣Inverse Head &Shoulders on DTF.
6⃣Dry Volume During Consolidation/Pullback.


1⃣Action Plan:

➡️Entry Strategy: Enter on a retest of ₹969.5 in case of a gap-up opening or Enter Above 1017.25 with 50% qty and wait for a retest.

2⃣Risk Management: Place a stop loss at ₹843(Day Closing Basis).

➡️Use trailing stops to lock in profits as targets are reached.

➡️Volume Confirmation: Monitor for sustained volume above average to ensure the breakout is genuine.

➡️The confluence of the Inverse Head and Shoulders and Darvas Box breakout significantly strengthens the bullish case.

Market is very weak. So exercise extreme caution and manage the risk.

17 Jan

Dagangan ditutup: hentian tercapai

Stopped out of the trade.