LT - breaking out of channel / Darvas Box

2024年12月9日

Weekly Chart

• Previous trend was 'up-trend'
  
• Price went in consolidation in horizontal channel
  
• Price breaking out of horizontal channel
  
• Stock has been outperforming Nifty based on Comparative RS indicator
  
• RSI breaking above 60 levels and MACD histogram > 0 suggesting bullish bias
  

Trade Execution

• Entry - CMP 3947 or on dips
  
• Stop Loss- Weekly SMA + Swing low on daily chart 3628
  
• Target 1 - Horizontal channel pattern height 600 points = 4455