🧠 Technical Highlights:
Downtrend Channel Breakout: Clear breakout from a falling channel pattern
Resistance Break: Strong breakout above supply zone of ₹204–₹210
Volume: Massive volume spike validates bullish strength
RSI: Above 70, indicating strong momentum but not overbought yet
🟢 Buy Setup
Buy Above: ₹219 (today's close confirms breakout)
Stoploss: ₹204 (below the previous resistance/new support)
Target 1: ₹235
Target 2: ₹248
Target 3: ₹260+ (swing/high-risk high-reward)
🔻 Sell/Short Setup (only if reversal)
Sell Below: ₹203
Stoploss: ₹210
Target: ₹190, ₹178
📅 Timeframe: Short-to-Medium Term (2–6 weeks)
📊 Risk-Reward: ~1:2.5
For Education Purposes Only
Downtrend Channel Breakout: Clear breakout from a falling channel pattern
Resistance Break: Strong breakout above supply zone of ₹204–₹210
Volume: Massive volume spike validates bullish strength
RSI: Above 70, indicating strong momentum but not overbought yet
🟢 Buy Setup
Buy Above: ₹219 (today's close confirms breakout)
Stoploss: ₹204 (below the previous resistance/new support)
Target 1: ₹235
Target 2: ₹248
Target 3: ₹260+ (swing/high-risk high-reward)
🔻 Sell/Short Setup (only if reversal)
Sell Below: ₹203
Stoploss: ₹210
Target: ₹190, ₹178
📅 Timeframe: Short-to-Medium Term (2–6 weeks)
📊 Risk-Reward: ~1:2.5
For Education Purposes Only
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.