Carraro India Ltd – Range Breakout in ProgressCarraro India Ltd.NSE:CARRAROTrendxincCarraro India Ltd – Range Breakout in Progress CARRARO 📈 Pattern & Setup: Carraro India has been consolidating in a tight range for nearly two months between 500–525 after a sharp rally in September. The price has now broken above the resistance zone with a clean bullish candle, indicating a possible range breakout continuation. This type of setup reflects quiet accumulation — low volatility inside a narrow band followed by a volume-backed breakout. The measured move from the range gives an upside potential toward 605–610, translating to nearly an 18% gain from current levels. 📝 Trade Plan: ✍Entry: Above 528 (confirmation of breakout follow-through) 🚩Stop-Loss: 505 (below range low and breakout retest zone) 🎯Targets: Target 1 → 565 Target 2 → 610 (approx. 18% potential move) 💡 Pyramiding Strategy: 1. Enter 60% above 528 once the breakout holds with volume 2. Add remaining 40% above 540 if the price sustains 3. Trail stop-loss to 515 once price trades above 555 🧠 Logic Behind the Setup: The pattern is simple but powerful — a range-bound structure followed by a breakout backed by decent volume and strong price reaction. This reflects renewed momentum after a period of contraction. As long as 505 remains protected, the momentum favors the bulls for a potential continuation leg. Keep Learning. Keep Earning. Let’s grow together 📚🎯 🔴Disclaimer: This analysis is for educational purposes only. Not a buy/sell recommendation. Please do your own research or consult your financial advisor before trading.