Consolidation Breakout forming on Dhampur Sugar

1. Stock is consolidating below 151 resistance, forming higher lows with a bullish structure.
a breakout required above 151 with strong volume to a fresh bullish move.
2. price action shows a volatility contraction.
3. moving averages sloping up trend intact. wait for volume breakout and bullish close.
4. volume has since declined but remains stable, showing healthy consolidation.

6 days ago

Note

Dhampur Sugar has successfully hit the first target of ₹159 as planned.
Strong breakout above resistance with healthy volume confirms bullish momentum.

📊 Updated Plan:

🔹 T1: ₹159 ✅ (Booked partial)
🔹 Next Target (T2): ₹167.98 (T3): ₹175–₹178
🔹 Trailing Stop-Loss: Moved up to ₹154 (closing basis)
📈 Holding above 9 EMA and breakout level supports continuation. Will review near ₹168 zone for further action.
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6 days ago

Note

✅ Update: Target 1 Achieved – Trade in Progress
Dhampur Sugar Ltd. has successfully reached Target 1: ₹160, following a strong breakout above ₹151.64.
🎯 Next Target (T2): ₹167.98
Revised Stop-Loss: ₹154 (Closing basis)
📈 Strong price action and volume confirm bullish continuation. Holding above breakout zone and EMAs.
Will re-evaluate near ₹168–₹175 levels.
Trail SL and manage risk while letting profits run.

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Airborn_trader

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