HUHTAMAKI - Multiyear breakout Retest
Huhtamaki India Ltd recently broke a long-term resistance level around ₹360, followed by a consolidation phase just below ₹450.
The stock found strong support near ₹360- ₹370 before bouncing back and entering a sideways consolidation pattern.
There is a visible increase in rising volume, indicating a buildup of buying interest. A potential breakout above the ₹406 mark could lead to further upside.
The next target could be around ₹450-460, while the stop loss should be set around ₹385 to manage risk effectively during the ongoing consolidation.
The stock found strong support near ₹360- ₹370 before bouncing back and entering a sideways consolidation pattern.
There is a visible increase in rising volume, indicating a buildup of buying interest. A potential breakout above the ₹406 mark could lead to further upside.
The next target could be around ₹450-460, while the stop loss should be set around ₹385 to manage risk effectively during the ongoing consolidation.
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