SHARDACROP: Breakout Alert!

19 Ara 2024

From our Previous entry( which I posted here) Stock clocked 23%. Now it is:

✅ Consolidation Above Breakout Zone: Healthy consolidation near ₹879, indicating strength and accumulation.
✅Base on Base Formation
✅ Volume Confirmation: Significant volume during the breakout phase, validating bullish sentiment.
✅ Support from Moving Averages: Price trading above the 50 and 200 DMAs, confirming a bullish bias.

🎯 Key Levels:

Entry Zone: ₹-879-880
Medium-Term Target: ₹1,050-1,100
Stop Loss: ₹773 (Closing Basis)

💡 Risk/Reward:

Risk: ~11.8%
Reward: ~20%-22%

📌 Note: Always maintain proper risk management and conduct your own research before taking any position.