📊 Chart Summary (Daily – D1)
Metric Value
📈 CMP ₹976.45
🔺 Day’s Gain +₹72.20 (+7.98%)
📊 Volume 8.52M (strong volume spike)
🔻 Recent Pullback -7.06% over 12 days
🔺 Recent Surge Broke 12-day range downtrend
📌 Pattern Formed Falling wedge breakout (bullish)
🔍 Technical Analysis Highlights
✅ Bullish Falling Wedge Breakout: The stock was in a 12-day falling wedge (marked), which is typically a bullish continuation pattern. Price broke out convincingly.
🔼 Entry Region Marked Smartly: The breakout candle with volume aligns perfectly with the entry box shown around ₹940–₹960.
📦 Volume Confirmation: Surge in volume post breakout confirms buyer strength and institutional activity.
📌 Target Zone: From risk-reward setup (1.5x), target is around ₹1030–₹1050 area.
📉 Previous Resistance: Some resistance likely near ₹1000 psychological level and again around ₹1050–₹1070.
🧠 Strategy Summary
Element Value
🎯 Target 1 ₹1030–₹1050
🛑 Stop Loss ₹920 (below wedge breakout low)
🛒 Re-entry Zone ₹940–₹960 (on any minor pullback)
⚖️ Risk-Reward ~1:1.5+
✅ Observations & Guidance
This is a clean, well-defined setup with high probability.
Volume > price = confirmation of institutional activity.
Suggest booking partial gains near target and trail the rest
Any retest to wedge zone or ₹940–₹960 can be a fresh opportunity.
Metric Value
📈 CMP ₹976.45
🔺 Day’s Gain +₹72.20 (+7.98%)
📊 Volume 8.52M (strong volume spike)
🔻 Recent Pullback -7.06% over 12 days
🔺 Recent Surge Broke 12-day range downtrend
📌 Pattern Formed Falling wedge breakout (bullish)
🔍 Technical Analysis Highlights
✅ Bullish Falling Wedge Breakout: The stock was in a 12-day falling wedge (marked), which is typically a bullish continuation pattern. Price broke out convincingly.
🔼 Entry Region Marked Smartly: The breakout candle with volume aligns perfectly with the entry box shown around ₹940–₹960.
📦 Volume Confirmation: Surge in volume post breakout confirms buyer strength and institutional activity.
📌 Target Zone: From risk-reward setup (1.5x), target is around ₹1030–₹1050 area.
📉 Previous Resistance: Some resistance likely near ₹1000 psychological level and again around ₹1050–₹1070.
🧠 Strategy Summary
Element Value
🎯 Target 1 ₹1030–₹1050
🛑 Stop Loss ₹920 (below wedge breakout low)
🛒 Re-entry Zone ₹940–₹960 (on any minor pullback)
⚖️ Risk-Reward ~1:1.5+
✅ Observations & Guidance
This is a clean, well-defined setup with high probability.
Volume > price = confirmation of institutional activity.
Suggest booking partial gains near target and trail the rest
Any retest to wedge zone or ₹940–₹960 can be a fresh opportunity.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.