KROSS - 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.
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.