lloyds

#Lloyds ENGINEERING WORKS - DAILY: Breakout Loading? 📈*

*Price: ₹91.67 | +2.61 (+2.95%) | Volume: 2.58M*
*Timeframe: 1D | NSE*

This chart is textbook "coiling before expansion".

*What’s Happening*
1. *Massive Trend*: Lloyds rallied from ₹35 in Feb to ₹91+ in July. That’s over 160% in 6 months.
2. *Resistance Hit*: Stock is now stuck at the *₹90 - ₹92 Resistance* zone. Marked in blue on chart.
3. *Tightness Phase*: For the last 3-4 weeks price has been consolidating in a tight range.
Small candles, low volatility. This is what the chart calls *"Tightness"*.
4. *Volume Buildup*: Notice the volume spike in June during the big move. Now volume has dried up during this consolidation.
Low volume + tight range = energy building for the next big move.

*Key Levels*
- *Immediate Resistance*: *₹91.67 - ₹92*
A daily close above this with volume = *BO SOON* as marked on chart.
- *Breakout Target*: If it breaks ₹92, next logical target is ₹100 → ₹108 → ₹116
- *Support*: *₹85 - ₹87*
Bottom of the consolidation box. Must hold this.
- *Invalidation*: Daily close below ₹85 would mean more time in range.

*Why This Setup Is Interesting*
This is classic Stage 2 behavior.
Break previous resistance at ₹56 → Rally → Consolidate at new highs → Breakout again.
Volume drying up during tightness is healthy. It means sellers are exhausted.

The arrow on chart says it all: *"BO Soon"*

*Trade Plan*
- *Bulls*: Wait for close above ₹92 with 2x avg volume for confirmation
- *Bears*: Only if ₹85 breaks on high volume

Are you watching LLOYDS?
What’s your breakout target? Comment 👇

#LLOYDS #LloydsEngineering #NSE #StockMarket #Breakout #TechnicalAnalysis #Trading #IndianStocks #BinanceSquare

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_Not financial advice. Trade with proper risk management. DYOR._