Vintage Coffee & Beverages: Rectangle Pattern Swing Trade Setup
BUY Setup ☕
Entry: ₹168-169 (Current Level)
Target 1: ₹172-173
Target 2: ₹174-176
Target 3: ₹180+ (Breakout Extension)
Stop Loss: ₹164
Technical Rationale:
Rectangle consolidation pattern (160-169) visible on 1-hour chart (blue shaded zone)
Holding strong at upper range of consolidation
Volume spike highlighted (blue arrow) - showing buying interest
Strong uptrend from 144 to current levels
Trading above rising EMA - bullish trend intact
RSI trending upward around 70 - strong momentum
Small-cap F&B stock showing resilience
Volume at 1.31M - decent for 1H timeframe
Multiple resistance levels clearly marked: 172, 174, 176
Support well-established at 164-165 zone
Coiling pattern - compression before expansion
Risk-Reward: Good 1:3+ ratio
Pattern: Rectangle consolidation on 1H chart - typically a continuation pattern after strong uptrend
Strategy: Intraday to short-term swing (1-3 days)
Book 40% at T1 (172.50), 30% at T2 (175), trail remaining with SL at 169 after T1
Aggressive traders can add on break above 169.50 with volume
Key Levels:
Breakout Zone: 169-170 (upper rectangle boundary)
Strong Resistance: 172, 174, 176
Critical Support: 164, 162, 160 (rectangle base)
Timeframe: 1-hour chart - suitable for intraday/swing traders
Volume Analysis: Recent volume spike (highlighted) suggests accumulation at upper range - bullish sign
Sector: F&B/FMCG - relatively defensive sector
Note: Currently showing strength with +0.36% gain. Watch for breakout above 169.50 with volume for confirmation.
Disclaimer: For educational purposes only. Not SEBI registered.
Entry: ₹168-169 (Current Level)
Target 1: ₹172-173
Target 2: ₹174-176
Target 3: ₹180+ (Breakout Extension)
Stop Loss: ₹164
Technical Rationale:
Rectangle consolidation pattern (160-169) visible on 1-hour chart (blue shaded zone)
Holding strong at upper range of consolidation
Volume spike highlighted (blue arrow) - showing buying interest
Strong uptrend from 144 to current levels
Trading above rising EMA - bullish trend intact
RSI trending upward around 70 - strong momentum
Small-cap F&B stock showing resilience
Volume at 1.31M - decent for 1H timeframe
Multiple resistance levels clearly marked: 172, 174, 176
Support well-established at 164-165 zone
Coiling pattern - compression before expansion
Risk-Reward: Good 1:3+ ratio
Pattern: Rectangle consolidation on 1H chart - typically a continuation pattern after strong uptrend
Strategy: Intraday to short-term swing (1-3 days)
Book 40% at T1 (172.50), 30% at T2 (175), trail remaining with SL at 169 after T1
Aggressive traders can add on break above 169.50 with volume
Key Levels:
Breakout Zone: 169-170 (upper rectangle boundary)
Strong Resistance: 172, 174, 176
Critical Support: 164, 162, 160 (rectangle base)
Timeframe: 1-hour chart - suitable for intraday/swing traders
Volume Analysis: Recent volume spike (highlighted) suggests accumulation at upper range - bullish sign
Sector: F&B/FMCG - relatively defensive sector
Note: Currently showing strength with +0.36% gain. Watch for breakout above 169.50 with volume for confirmation.
Disclaimer: For educational purposes only. Not SEBI registered.
تم فتح الصفقة
Target 2: ₹174-176 done
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.
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.