TRU Breakout Re-test and BUY MOVE

15 Sep 2023

TRU is a performance-based stock. On 28th Aug 23, I posted it's breakout. But unfortunately, it could not be a successful breakout. Now, TRU has retested the Support trendline and is bouncing back. There is a minor resistance at 64 because it has been tested multiple times. This time, it is more likely to break to the upside.

Reason:

1. Stock has been consolidating for more than a year.
   
2. It has formed a triple Bottom.
   
3. Taking Support at Trendline.
   
4. Right now, at support Zone.
   

Verdict:
Bullishness Expected

Plan of action:
Buy: 59.60
Stoploss: 54
TARGET: (1st) 82, (2nd) 100