Breakout Candy

SHEMAROO Stock Analysis: Breaking Free from Trading Range

After nearly 30 months of consolidation within the 95-186 range, SHEMAROO stock has finally broken free, signaling a potential shift in its trajectory. The recent breakout suggests an imminent mark-up stage, indicating a steady upward trend. Seizing the opportunity, I initiated a position at the 191 level, aligning with the bullish momentum. With intentions to ride the upward wave, I plan to hold the stock as long as the trend remains favorable or until it reaches a predefined stop loss at 138. Stock has given a weekly close of 223 up by 16% from my purchase price. This breakthrough marks a promising turn for SHEMAROO, offering potential gains in the evolving market landscape.

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