QUEENSOUTH Facing Resistance – Strategic Entry Points ExplainedQUEENSOUTH recently encountered a diagonal resistance while attempting an upward move. Despite a notable increase in trading volume, the stock was unable to decisively break through this resistance level. As a result, it has entered a consolidation phase and is currently holding above a key support level at 12.60.
From a trading strategy perspective, there are two potential entry points: one could initiate a position at the current support level with a tight stop-loss, or alternatively, wait for a confirmed breakout above the diagonal resistance — ideally above 13.70 — for a momentum-based entry. As always, prudent risk management and patience are advised.
