Breakout in Lloyds Metals

Lloyds Metals & Energy is into the business of manufacturing of Sponge Iron, Power generation and mining activities

Breakout Screener:
VCP (Volatility Contraction Pattern) Breakout Setup

-The Relative Strength Index (RSI) is approaching 70 and trending upwards, indicating strengthening momentum and increasing buying interest.

-The price is currently trading above the 50-day Exponential Moving Average (EMA50), suggesting a bullish trend and strong short-to-medium term price support.

-Trading volume is on the rise, confirming growing market participation and validating the breakout move.

-The stock has undergone more than 4 months of consolidation, forming a tight range with gradually contracting volatility, which typically precedes a significant breakout.

Disc: For study, not a recommendation