Based on the observation I've shared, Let's break down the chart says : Trend Line: I noticed that there is a one-year-long trend line that was pierced on the 28th of June. This indicates that the price broke above the trend line, which can be interpreted as a bullish signal. Higher Highs: I observed that the price has been forming higher highs from the previous...
NSE:TRU has given strong breakout to trendline and formed LL LH HL structure in weekly timeframe. Daily timeframe has consolidation over last 4 5 month. We can see long term move above 79 with can buy more till 66 with SL 64. Major targets levels are highlighted in blue lines.
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...