SWING IDEA - ENDURANCE TECHNO

24 aoûtEndurance Technologies, a prominent player in the auto components industry, is exhibiting technical signals that indicate a potential swing trade setup.

Reasons are listed below :

• Break of Flag and Pole Pattern: The stock has broken out of a bullish flag and pole pattern, which is typically a continuation pattern signaling further upward momentum.
  
• 50 EMA Support on Daily Timeframe: The stock is holding support above the 50-day exponential moving average (EMA), suggesting that the trend is intact and providing a strong base for potential gains.
  
• Bullish Marubozu on Daily Timeframe: The formation of a bullish marubozu candle on the daily chart indicates strong buying pressure, further confirming the upward movement.
  
• Volume Spike: A noticeable increase in trading volumes signals heightened investor interest and adds credibility to the breakout.
  

Target - 2820 // 3060
Stoploss - daily close below 2400

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@visionary.growth.insights

31 août

Commentaire

ACCUMULATE

15 sept.

Commentaire

hold!