TRIL | Breakout and retest | Latest stock market news
(3 minutes read)

Stock name: TRIL

Pattern: Breakout and retest

Time frame: Daily

Observation:

The stock has broken out of a consolidation and had done a retest and bounce today.
As per TA, once a retest and then a bounce is seen, the stock usually resumes the trend in the direction of the breakout.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) Go Fashion (India) shares fell over 5% in opening trade today, following a block deal in the counter. ET NOW reported that 11% equity of Go Fashion changed hands via a block deal. Media reports stated that Sequoia Capital was looking to offload 11% shares in the company.

2) Cochin Shipyard’s share rallied nearly 6% today after the company won a contract around ₹300 crores from the Ministry of Defence.

3) TVS Motors share price touched a new 52-week high today, after the automaker's Singapore-based subsidiary purchased an additional 25% stake in Switzerland-based Swiss E-Mobility Group (SEMG).