Verdict:
Bullishness Expected

Plan of action:
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100

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:

  1. Stock has been consolidating for more than a year.
  2. It has formed a triple Bottom.
  3. Taking Support at Trendline.
  4. Right now, at support Zone.

Verdict:
Bullishness Expected

Plan of action:
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100

*****Disclaimer:*****

The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.

Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.

The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.

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