📊 Technical Analysis Summary
✅ Pattern Identified
Darvas Box Breakout:
The price has broken out of a consolidation box (marked in blue) on strong volume, which is a bullish signal.
Volume Spike:
There is a noticeable increase in volume (highlighted in the orange circle), which validates the breakout. Volume confirmation is essential in Darvas Box patterns.
🔼 Price Action
Current Price: ₹6,279.50
Breakout from consolidation zone: ~₹6,025.50 - ₹6,250 range
🎯 Targets & Stop-Loss (SL)
Level Price (₹) Description
SL 6,025.50 Stop-loss below Darvas box base
TP1 6,759.80 First target based on box height
TP2 7,583.50 Second target (extended move)
Max TP ~7,792.95 Potential resistance/exit zone
🧠 Strategy Insights
Entry Zone: Entry ideally at or just above breakout (~₹6,250–₹6,300).
Risk-Reward Ratio:
To TP1: ~1.3x
To TP2: ~3.5x
Attractive risk/reward profile if SL is strictly followed.
Trend: Clearly bullish on the weekly timeframe.
✅ Pattern Identified
Darvas Box Breakout:
The price has broken out of a consolidation box (marked in blue) on strong volume, which is a bullish signal.
Volume Spike:
There is a noticeable increase in volume (highlighted in the orange circle), which validates the breakout. Volume confirmation is essential in Darvas Box patterns.
🔼 Price Action
Current Price: ₹6,279.50
Breakout from consolidation zone: ~₹6,025.50 - ₹6,250 range
🎯 Targets & Stop-Loss (SL)
Level Price (₹) Description
SL 6,025.50 Stop-loss below Darvas box base
TP1 6,759.80 First target based on box height
TP2 7,583.50 Second target (extended move)
Max TP ~7,792.95 Potential resistance/exit zone
🧠 Strategy Insights
Entry Zone: Entry ideally at or just above breakout (~₹6,250–₹6,300).
Risk-Reward Ratio:
To TP1: ~1.3x
To TP2: ~3.5x
Attractive risk/reward profile if SL is strictly followed.
Trend: Clearly bullish on the weekly timeframe.
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.