Key Highlights
1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range.
2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation.
3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum.
Pattern Insights
📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green).
📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation.
🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative.
Trade Plan
📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels.
🎯 Targets:Target 1: ₹300
🎯Target 2: ₹338.50
❌ Stop Loss: ₹205 for long-term/positional trades.
💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range.
Key Reminder
1⃣ Market Condition: The overall market is currently bearish. Exercise caution.
2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario.
3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
1⃣ Breakout of Consolidation: The stock has decisively broken out of a long-term consolidation range.
2⃣ Strong Volume Support: Backed by significant volume, indicating probable institutional participation.
3⃣ Above Key DMAs: Trading above critical daily moving averages (DMAs), reinforcing bullish momentum.
Pattern Insights
📦 Consolidation Breakout: A breakout from a long-term consolidation box (marked in green).
📈 Ascending Channel: An ascending channel pattern within the consolidation range suggests bullish accumulation.
🌀 Bullish Patterns: Formation of an Inverse Head & Shoulders and a Cup and Handle within the ascending channel adds to the bullish narrative.
Trade Plan
📥 Entry: Above ₹254.60, or on dips close to ₹230-₹220 levels.
🎯 Targets:Target 1: ₹300
🎯Target 2: ₹338.50
❌ Stop Loss: ₹205 for long-term/positional trades.
💡 Potential Upside: A close above ₹338.50 could trigger a fresh rally, with potential targets in the ₹400-₹450 range.
Key Reminder
1⃣ Market Condition: The overall market is currently bearish. Exercise caution.
2⃣ Risk Management: Position sizing and disciplined risk management are critical in the present scenario.
3⃣ Market Trends: Long setups are failure-prone if the market continues its downtrend.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.