TRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside.
Reason:
Stock has been consolidating for more than a year.
It has formed a triple Bottom.
Taking Support at Trendline.
Right now, at support Zone.
Verdict: Bullishness Expected
Plan of action: Buy: 59.60 Stoploss: 54 TARGET: (1st) 82, (2nd) 100