View: Bullish on confirmed breakout.
Bias: Positive momentum.
Strategy:
BUY: Above ₹178-180 (on weekly closing basis, confirming trendline and resistance breakout).
Targets (T):
T1: ₹195-200
T2: ₹210-220+
Stop-Loss (SL): ₹168 (on weekly closing basis).
Reasoning:
Attempting a breakout from a significant descending trendline.
Cleared horizontal resistance at ₹175.
Bullish crossover in moving averages with price above all MAs.
Strong RSI and supportive volume.
Potential for a major trend reversal.
Note: This is an educational analysis and not financial advice. Do your own due diligence before investing.
Bias: Positive momentum.
Strategy:
BUY: Above ₹178-180 (on weekly closing basis, confirming trendline and resistance breakout).
Targets (T):
T1: ₹195-200
T2: ₹210-220+
Stop-Loss (SL): ₹168 (on weekly closing basis).
Reasoning:
Attempting a breakout from a significant descending trendline.
Cleared horizontal resistance at ₹175.
Bullish crossover in moving averages with price above all MAs.
Strong RSI and supportive volume.
Potential for a major trend reversal.
Note: This is an educational analysis and not financial advice. Do your own due diligence before investing.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.