📌 Timeframes Analyzed: 15-Minute and 1-Hour
📅 Date: May 5, 2025
📍 CMP: ₹2,774.40
📈 Setup: Bullish breakout from falling channel with EMA crossover
🔹 Technical Highlights
Pattern: Descending channel breakout (1H)
Moving Averages: Price is trading above the 20-EMA and 50-EMA with bullish crossover
Volume: Breakout confirmed by increasing volume
RSI (Momentum): RSI is trending up above 50 with positive divergence
🟢 Trade Plan – Intraday to Short-Term Swing
✅ Buy Levels (Confirmation Entry)
Buy Above: ₹2,780 (breakout confirmation level)
🎯 Targets
Timeframe Target 1 Target 2 Target 3
15-min ₹2,810 ₹2,835 ₹2,860
1-hour ₹2,850 ₹2,880 ₹2,920
🔻 Stop Loss
Intraday SL: ₹2,745 (below channel support and 50-EMA)
Swing SL: ₹2,720
📅 Date: May 5, 2025
📍 CMP: ₹2,774.40
📈 Setup: Bullish breakout from falling channel with EMA crossover
🔹 Technical Highlights
Pattern: Descending channel breakout (1H)
Moving Averages: Price is trading above the 20-EMA and 50-EMA with bullish crossover
Volume: Breakout confirmed by increasing volume
RSI (Momentum): RSI is trending up above 50 with positive divergence
🟢 Trade Plan – Intraday to Short-Term Swing
✅ Buy Levels (Confirmation Entry)
Buy Above: ₹2,780 (breakout confirmation level)
🎯 Targets
Timeframe Target 1 Target 2 Target 3
15-min ₹2,810 ₹2,835 ₹2,860
1-hour ₹2,850 ₹2,880 ₹2,920
🔻 Stop Loss
Intraday SL: ₹2,745 (below channel support and 50-EMA)
Swing SL: ₹2,720
Trade active
15-min Timeframe Target 1 ₹2,810 Done
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.