🟢 Today’s Action:
Closed at ₹146.25, up +8.33%, showing strong bullish momentum.
Broke out from key resistance at ₹133.18 on strong volume – a clear breakout confirmation.
📈 Technical Highlights:
Resistance at ₹164.17 is the next visible upside target.
Strong support now at ₹133.18, which was previously a resistance zone.
Volume + price breakout after consolidation confirms bullish sentiment.
✅ Positional Trade Setup
Parameter Level
🎯 Entry ₹144–₹146
📌 Stop Loss ₹132 (close below breakout zone)
🎯 Target 1 ₹164
🎯 Target 2 ₹180+ (on closing above ₹164)
⏳ Timeframe 2–5 weeks
🧠 Confluence / Technical Reasoning:
Breakout from sideways consolidation with higher highs and higher lows forming.
Momentum indicators (not visible in chart but assumed) likely in bullish crossover.
Fresh volume activity + recent swing breakout = high conviction setup.
Closed at ₹146.25, up +8.33%, showing strong bullish momentum.
Broke out from key resistance at ₹133.18 on strong volume – a clear breakout confirmation.
📈 Technical Highlights:
Resistance at ₹164.17 is the next visible upside target.
Strong support now at ₹133.18, which was previously a resistance zone.
Volume + price breakout after consolidation confirms bullish sentiment.
✅ Positional Trade Setup
Parameter Level
🎯 Entry ₹144–₹146
📌 Stop Loss ₹132 (close below breakout zone)
🎯 Target 1 ₹164
🎯 Target 2 ₹180+ (on closing above ₹164)
⏳ Timeframe 2–5 weeks
🧠 Confluence / Technical Reasoning:
Breakout from sideways consolidation with higher highs and higher lows forming.
Momentum indicators (not visible in chart but assumed) likely in bullish crossover.
Fresh volume activity + recent swing breakout = high conviction setup.
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.