Positional Setup for PSP Projects Ltd (NSE)
CMP: ₹691.00
Breakout Level: ₹675–680
Previous Resistance: ₹737
Indicators:
Supertrend: Bullish confirmation
TEMA 5/9/20: Strong upward slope
Volume/Price Action: Powerful breakout from long consolidation, tested higher resistance around ₹737, pulled back near breakout zone—healthy retest
📈 Technical View (Positional)
PSP Projects has broken out of a year-long consolidation.
Resistance at ₹737 was tested intraday, suggesting bulls are in control.
Now hovering near breakout zone, offering a low-risk entry for positional trade.
🚀 Positional Targets:
Target 1: ₹737
Target 2: ₹804
Target 3: ₹838
Stop-Loss (Closing Basis): ₹655
CMP: ₹691.00
Breakout Level: ₹675–680
Previous Resistance: ₹737
Indicators:
Supertrend: Bullish confirmation
TEMA 5/9/20: Strong upward slope
Volume/Price Action: Powerful breakout from long consolidation, tested higher resistance around ₹737, pulled back near breakout zone—healthy retest
📈 Technical View (Positional)
PSP Projects has broken out of a year-long consolidation.
Resistance at ₹737 was tested intraday, suggesting bulls are in control.
Now hovering near breakout zone, offering a low-risk entry for positional trade.
🚀 Positional Targets:
Target 1: ₹737
Target 2: ₹804
Target 3: ₹838
Stop-Loss (Closing Basis): ₹655
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.