NSE:WEIZMANIND Trying to a breakout after a year long consolidation
A good consolidation can be seen after a rise, with anticipated volumes. Buy above 145 Tgt - 10 % - ( Risky - 168 ) Stoploss - 3% -- DISCLAIMER -- I am not a financial advisor or SEBI-registered This is just a view Please DO YOUR OWN RESEARCH before investing in any stock Happy trading Peace
WEIZMANIND Has given Breakout on D TF > Good BO > Good Volumes > Making Good HLs > Up Trending stock > Good RR can be achievable. Just the thing is it has moved a lot already within 2 trading session according that need to plan the trade.
`Good movement with trend lines Good returns in short time
If you look closely, it's a 14-year-old cup that is due for a break. The volume is also slowly increasing, RSI is 69.30 & DMI 54.43 on a monthly is on an upward trend meanwhile the market also is moving upwards Nifty broke the crucial mark of 17800. Not to forget, the resistance is also its ATH. If it breaks 98, it will skyrocket to around 155 in about 6–8...