TRU Breakout Re-test and BUY MOVE
TRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside.
Reason:
Verdict:
Bullishness Expected
Plan of action:
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100
Reason:
- Stock has been consolidating for more than a year.
- It has formed a triple Bottom.
- Taking Support at Trendline.
- Right now, at support Zone.
Verdict:
Bullishness Expected
Plan of action:
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100
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