KAYNES - Long Term Breakout Watch

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KAYNES - Long Term Breakout WatchKaynes Technology India Ltd.NSE:KAYNESTrendxincBreakout from Long-Term Resistance Zone in Kaynes Technology KAYNES 📈Pattern & Setup: Kaynes Technology is on the verge of a **major breakout** from a long-term resistance zone around 7600 levels. This resistance has been tested multiple times over the last several months, creating a strong base structure. The stock has shown a healthy recovery from its mid-year lows and is now consolidating just below the breakout level — a bullish sign of accumulation. Volume activity has picked up slightly, suggesting institutional buying interest is building up before a possible breakout move. 📝 Trade Plan: Entry: A breakout entry above 7700–7720 can be considered for momentum traders. 🚩Stop-Loss: 7350 (below recent swing low). 🎯Targets: Target 1 → 8900 (short-term resistance). Target 2 → 11,650 (measured move projection, offering nearly 49% potential upside). 💡Pyramiding Strategy: 1. Enter first lot on breakout above 7720. 2. Add above 8100 if momentum sustains with good volume, trail SL to 7550. 3. Add final lot above 8900, trail SL to 8200. Ride the trend till the stock approaches 11,500–11,650 zone. 🧠Logic Behind Selecting this Trade: The pattern represents a **long-term base breakout** after a prolonged consolidation phase. Such setups often attract strong momentum as trapped sellers exit and fresh buyers enter. The technical structure is supported by improving volumes and bullish sentiment in the broader tech sector. Keep Learning. Keep Earning. Let's grow together 📚🎯 🔴Disclaimer: This is not an investment advice. Always do your own due diligence before making any trading or investment decision.