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THREETREND RESEARCH

1st Aug · SEBI-Registered Analyst

Eternal

$ETERNAL A Swing High Breakout occurs when the price closes above a previous swing high, indicating that buyers have overcome an important resistance level and bullish momentum is strengthening. This breakout often signals the continuation of an uptrend as the market forms a new higher high, reflecting increased buying interest. Traders generally look for strong volume and a decisive close above the swing high to confirm the breakout, while a subsequent retest of the breakout level acting as support can provide a higher-probability entry opportunity. Proper risk management with a stop-loss below the breakout or retest level helps manage downside risk if the breakout fails

#TechnicalViews#FundamentalViews
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