Anant Raj Ltd – Potential Breakout Setup

6108
📊 Analysis:
The stock is consolidating near a key resistance level at ₹759.90, forming a contracting range. This pattern indicates a potential breakout opportunity. The price is supported by the 21-EMA and 50-EMA, which are trending upwards, signaling bullish momentum.

📈 Trading Plan:

Entry: Buy above ₹760 (wait for a breakout above resistance with strong volume confirmation).
Target 1: ₹800
Target 2: ₹836
Stop-Loss: ₹723 (below recent swing low for risk management).
🛑 Risk-to-Reward Ratio: Approx. 1:2

💡 Note: Monitor the breakout closely. A failure to sustain above ₹760 might lead to a false breakout, so trade cautiously and stick to the plan.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.