Stock has given a strong breakout above the resistance zone of ₹63–65 with high volume confirmation 🔥. After consolidating in a base range, the breakout candle has surged over 19% in a single session, indicating strong bullish momentum.
🎯 Target: ₹78 (Upside ~25%)
🛑 Stop Loss: ₹60 (Just below the breakout zone)
⚖️ Risk-Reward: Approx. 1:2.5
🧠 Trade Idea:
This setup is ideal for positional traders looking to ride the momentum after a breakout from accumulation. Price has broken above previous supply, and volume spike shows strength behind the move. As long as ₹63 holds, bulls are in control.
🕒 Timeframe: Daily
📊 Volume Support: Yes
🔍 Watch for follow-through in next few sessions.
Disclaimer: Not financial advice. Do your own analysis or consult your advisor.
🎯 Target: ₹78 (Upside ~25%)
🛑 Stop Loss: ₹60 (Just below the breakout zone)
⚖️ Risk-Reward: Approx. 1:2.5
🧠 Trade Idea:
This setup is ideal for positional traders looking to ride the momentum after a breakout from accumulation. Price has broken above previous supply, and volume spike shows strength behind the move. As long as ₹63 holds, bulls are in control.
🕒 Timeframe: Daily
📊 Volume Support: Yes
🔍 Watch for follow-through in next few sessions.
Disclaimer: Not financial advice. Do your own analysis or consult your advisor.
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.