Summary
Strong Q1 FY26 triggered a high-volume breakout above a multi-week descending channel. Price reclaimed prior supply, leaving an FVG at 2,42x–2,46x that may act as demand on pullbacks.
Chart Thesis
Structure: Liquidity sweep into 2,30x–2,33x, impulsive bullish candle breaks channel and retests flip zone.
Momentum: Intraday high ~2,569; watch for shallow pullbacks to the FVG/demand to join trend continuation.
Levels:
Long zone: 2,420–2,460
Stop: 2,375–2,385 (below flip/invalidation)
Targets: 2,630 → 2,750 → 2,950–3,000; extended 3,115 if momentum persists.
Fundamentals
Rev +26.4% YoY; PAT +8.8%; capacity expansion and distribution initiatives intact; valuations rich (P/E ~66–69), so manage risk and avoid chasing breakouts far from support.
Plan
Buy-on-dips only; scale out at targets; if daily closes back below 2,380, exit and reassess.
Disclaimer: For educational purposes; follow personal risk management.
Strong Q1 FY26 triggered a high-volume breakout above a multi-week descending channel. Price reclaimed prior supply, leaving an FVG at 2,42x–2,46x that may act as demand on pullbacks.
Chart Thesis
Structure: Liquidity sweep into 2,30x–2,33x, impulsive bullish candle breaks channel and retests flip zone.
Momentum: Intraday high ~2,569; watch for shallow pullbacks to the FVG/demand to join trend continuation.
Levels:
Long zone: 2,420–2,460
Stop: 2,375–2,385 (below flip/invalidation)
Targets: 2,630 → 2,750 → 2,950–3,000; extended 3,115 if momentum persists.
Fundamentals
Rev +26.4% YoY; PAT +8.8%; capacity expansion and distribution initiatives intact; valuations rich (P/E ~66–69), so manage risk and avoid chasing breakouts far from support.
Plan
Buy-on-dips only; scale out at targets; if daily closes back below 2,380, exit and reassess.
Disclaimer: For educational purposes; follow personal risk management.
Publications connexes
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.
Publications connexes
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.