KROSS - Ready For IPO Base Breakout Price is consolidating tightly near resistance zone, indicating reduced selling pressure and potential for a breakout. ₹225-₹230 serves as the breakout level.
Volume Trends: Volume decreased during the handle formation, showing healthy consolidation. Expect an increase in volume on a breakout above ₹230 to confirm the move.
Targets: Based on the cup's depth, the potential upside can be projected at ₹270, ₹300, and ₹330 as key resistance levels.
Entry Point: A confirmed breakout above ₹230 with high volume would signal an entry.
Stop Loss: Place a stop loss below ₹210, which is slightly below the handle's lower boundary, ensuring a favorable risk-reward ratio.
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