Consolidation Breakout with a Pullback . Watch for Reversal!

2024년 12월 23일

📊 Stock: KFin Technologies Ltd.
📅 Timeframe: Daily Chart
🚀 Consolidation Breakout with a Pullback
The stock recently broke out of a consolidation box and is now experiencing a pullback. A potential bullish reversal could be on the cards!

🔑 Key Levels to Watch:

1️⃣ Resistance Zone: ₹1,450-1,500 (Key hurdle to clear)
2️⃣ Support Zone: ₹1,300-1,350, 1200 (Demand zone from the breakout box)
3️⃣ Potential Targets:
🎯 Short-Term: ₹1,600

🎯 Medium-Term: ₹1,750+

🌟 Why This Pullback is Interesting:

✅ Volume Insights: The breakout was accompanied by strong volume, reflecting buyer interest.
✅ Trend Continuation: The stock is above the 50-day (green) and 200-day (yellow) moving averages, affirming a strong uptrend.
✅ Healthy Pullback: Retesting the breakout zone signals a potential base for long-term growth.

🛡️ Risk-Reward:
A reversal near ₹1,350-1200 offers a low-risk entry with significant upside potential. Watch for volume spikes as confirmation.
📝 Trading Plan:
🔹 Wait for Reversal: ₹1,350-1300-1200. Wait for a confirmation before entering. Or add in parts in these levels.
🔹 Stop-Loss (SL): ₹1,150 (strict)
🔹 Targets:

Short-Term: ₹1,600
Medium-Term: ₹1,750+

Exercise extreme caution trading these markets. There is a high chance of long setups failing. New traders trade light or stay on the sidelines and watch. Please protect your capital at any cost.

📌 Tip:

Pullbacks to breakout zones often offer excellent risk-reward setups. Look for bullish reversal candles to confirm the bounce.

2024년 12월 26일

액티브 트레이드

Broke out of a small base and move 17.7% from the posted level. Trail SL or book partial.