Univastu- Broke out of an Ascending Channel.

Stock Analysis: UNIVASTU INDIA LTD

Trend: The stock is currently in an uptrend.

Breakout: It has successfully broken out of an ascending channel.

Pattern: Forming a Volatility Contraction Pattern (VCP).
Volume: The breakout is accompanied by high volume and a wide-range bullish candle.

Entry Point
Trigger: Above ₹302.
Confirmation: Wait for a daily close above this level before entering.
Stop Loss
SL: ₹262 (Deep SL).
Current Market Price (CMP)
₹312.45 (Almost at the upper circuit).

Buy only test quantities to observe performance.
Avoid large trades due to current weakness in the broader market.
Focus on buying stocks with strong structures in small quantities to build a test portfolio.
This approach will help gauge the overall market trend and prepare for potential reversals.

Note
When the broader market bottoms out and reverses, structurally strong stocks like this one have the potential for significant upside moves. Exercise caution and patience in the current market environment.
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Stock retraced to our buying point and moved 12.8% in our favour in this bearish market. Consider booking partial profit and trail SL. Market is very bearsih.