Advance Enzyme: Prempting a Cup and Handle Breakout!
Updated
🚀 Advance Enzyme: Prempting a Cup and Handle Breakout! 🚀
Current Market Price: 425
Stop Loss: 330
Targets: 540, 640, 740
Advance Enzyme is on the verge of a significant move, showing signs of a cup and handle breakout. A monthly close above 429 could mark the end of a nearly 2-year consolidation, setting the stage for a big rally. A large wick in the chart suggests that strong momentum could come above 510. Additionally, a clear double rounding bottom pattern on the line chart indicates a potential breakout above 430, supported by the Fibonacci 62% level.
📉 Risk Management: Ensure to manage risk with a stop loss at 330.
📊 Disclaimer:
As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. Exciting times ahead!
#MarketAnalysis #AdvanceEnzyme #TechnicalAnalysis #CupAndHandle #InvestmentOpportunities #BreakoutTrading
Current Market Price: 425
Stop Loss: 330
Targets: 540, 640, 740
Advance Enzyme is on the verge of a significant move, showing signs of a cup and handle breakout. A monthly close above 429 could mark the end of a nearly 2-year consolidation, setting the stage for a big rally. A large wick in the chart suggests that strong momentum could come above 510. Additionally, a clear double rounding bottom pattern on the line chart indicates a potential breakout above 430, supported by the Fibonacci 62% level.
📉 Risk Management: Ensure to manage risk with a stop loss at 330.
📊 Disclaimer:
As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. Exciting times ahead!
#MarketAnalysis #AdvanceEnzyme #TechnicalAnalysis #CupAndHandle #InvestmentOpportunities #BreakoutTrading
Note
Note
target 1 achieved
Disclaimer
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