Chart Idea: Technocraft Industries – Breakout Watch
🔑 Technical Setup
Resistance Zone: ₹3,364.25 → Price needs to break above for momentum.
Support Zone: ₹3,234.05 → Holding this is crucial for bullish bias.
Target: ₹3,656.00 (based on price action breakout levels).
📝 Analysis
The stock has been consolidating near a major resistance level.
A sustained breakout above ₹3,364 could trigger a rally toward ₹3,656.
If the price fails to hold support at ₹3,234, we may see downside pressure.
Volume confirmation will be key to validate the breakout.
⚠️ Risk Management
Entry Zone: On a confirmed breakout above ₹3,364.
Stop Loss: Below ₹3,234 (recent support).
Risk-Reward Ratio: Favorable if breakout holds.
📌 Disclaimer: This analysis is for educational purposes only and not financial advice. Please do your own research or consult a financial advisor before making investment decisions.
Resistance Zone: ₹3,364.25 → Price needs to break above for momentum.
Support Zone: ₹3,234.05 → Holding this is crucial for bullish bias.
Target: ₹3,656.00 (based on price action breakout levels).
📝 Analysis
The stock has been consolidating near a major resistance level.
A sustained breakout above ₹3,364 could trigger a rally toward ₹3,656.
If the price fails to hold support at ₹3,234, we may see downside pressure.
Volume confirmation will be key to validate the breakout.
⚠️ Risk Management
Entry Zone: On a confirmed breakout above ₹3,364.
Stop Loss: Below ₹3,234 (recent support).
Risk-Reward Ratio: Favorable if breakout holds.
📌 Disclaimer: This analysis is for educational purposes only and not financial advice. Please do your own research or consult a financial advisor before making investment decisions.
Nota
FII increased slightlyDagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.