Double Bottom + Falling Wedge = Breakout Loading on IPCALAB

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Chart Overview

Pattern: Falling Wedge inside a confirmed bullish structure

Structure Break: BOS (Break of Structure) already confirmed

Key Levels:

Order Block Zone: Around ₹1300–₹1310

Current Price: ₹1325

Target Zone: ₹1430

Stop-Loss: Below ₹1300

Technical Breakdown
1. Double Bottom

The formation of Bottom1 and Bottom2 shows a strong demand base.

The BOS (Break of Structure) after Bottom2 confirms that buyers took control.

2. Falling Wedge Pattern

After the BOS, the price is consolidating in a Falling Wedge, which is typically a bullish continuation pattern.

Price respecting the wedge boundaries suggests compression — a breakout to the upside can trigger momentum.

3. Order Block Zone

The blue rectangular area marks a bullish order block from the last strong bullish rally.

Price has retraced back into this OB, creating an ideal entry point if bullish rejection appears.

4. Trade Setup

Entry: Near ₹1320–₹1325

Stop-Loss: Below ₹1300 (OB invalidation)

Target: ₹1430

RR Ratio: ≈ 1:4

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