Sambhv Steel Tubes limited broke out of its IPO AVWAP and all time high AVWAP
https://preview.redd.it/pi9vpz9p5xzg1.png?width=1785&format=png&auto=webp&s=1680bfaf9411290383a73dcc9990c17fe3ce3558
trend is already higher high and higher low, let's have a look at 1h chart for entry
https://preview.redd.it/sib5oknk6xzg1.png?width=1777&format=png&auto=webp&s=c0d99f2ae8a0f44f52d769480ff7ae3c713d063e
I've drawn another avwap from high volume candle, and the price is currently trading at point of interest. There's 50% chance of reversal and 50% of breaking down through the AVWAP. We might enter here with tight stop loss, or we can also wait for "Strength after Dip" for higher probability of winning but slightly worse buying rate.
Some more examples of IPO avwap breakouts:
DEE DEVELOPMENT ENGINEERS
https://preview.redd.it/510j1pdl8xzg1.png?width=1782&format=png&auto=webp&s=c9cbb169f982c56a922f8e256fb8e31c8109429f
EMCURE PHARMA, price broke IPO avwap and then retested it
https://preview.redd.it/tli8eewv8xzg1.png?width=1787&format=png&auto=webp&s=68be9c30cd821c3b30bbd61ffe3d419f728bca57
CEIGALL INDIA
https://preview.redd.it/h47br7b49xzg1.png?width=1782&format=png&auto=webp&s=acd08cdebc6518649350d2ba98b15b73fc166863
PN GADGIL JEWELLERS broke out this week
https://preview.redd.it/02g9mbwd9xzg1.png?width=1777&format=png&auto=webp&s=72cd70923153cfaaf577ae43cdfc67250a4f00c5
This is not a financial advice. I’m one red candle away from deleting this account.