Based on the daily timeframe for Sansera Engineering Limited, the stock has just confirmed a strong breakout from a prolonged consolidation phase.
As seen in the provided chart, the stock previously exhibited a similar price action behavior:
It consolidated within a designated range (green box) before triggering a massive rally.
Recently, the price has been digesting those gains by trading sideways within a new, higher consolidation zone (pink box) with support near the 3,750 level and strong resistance around 4,150.
The most recent daily candle shows a highly bullish expansion, slicing through the upper boundary of the pink box and closing strongly around 4,259.9.
This volume-backed momentum suggests the accumulation phase is complete and the primary uptrend is resuming.
Here is the trade setup based on this technical breakout:
Entry Point: Current Market Price (~4,260) is valid for momentum traders, though a conservative approach would be to ladder entries or wait for a minor retest of the breakout level at 4,150.
Target: Using the measured move of the consolidation box (roughly 400 points from 3,750 to 4,150), projecting this upward from the breakout point gives a primary technical target of 4,550.
Stop Loss: A strict stop loss should be placed below the breakout candle's origin or the recent swing low inside the box, around 3,900.
For a wider, structural stop loss to give the trade more breathing room, place it below the consolidation box support at 3,700.
As seen in the provided chart, the stock previously exhibited a similar price action behavior:
It consolidated within a designated range (green box) before triggering a massive rally.
Recently, the price has been digesting those gains by trading sideways within a new, higher consolidation zone (pink box) with support near the 3,750 level and strong resistance around 4,150.
The most recent daily candle shows a highly bullish expansion, slicing through the upper boundary of the pink box and closing strongly around 4,259.9.
This volume-backed momentum suggests the accumulation phase is complete and the primary uptrend is resuming.
Here is the trade setup based on this technical breakout:
Entry Point: Current Market Price (~4,260) is valid for momentum traders, though a conservative approach would be to ladder entries or wait for a minor retest of the breakout level at 4,150.
Target: Using the measured move of the consolidation box (roughly 400 points from 3,750 to 4,150), projecting this upward from the breakout point gives a primary technical target of 4,550.
Stop Loss: A strict stop loss should be placed below the breakout candle's origin or the recent swing low inside the box, around 3,900.
For a wider, structural stop loss to give the trade more breathing room, place it below the consolidation box support at 3,700.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.