⚙️ Technical Setup Highlights:
Price is testing a resistance zone around ₹1100, which has been rejected twice before (as indicated by black arrows).
Volume has picked up on the recent move up — indicating buying interest.
RSI is turning up from near the 50 level, signaling positive momentum.
📈 Trade Plan:
🔹 If Price Breaks Above ₹1110-1120 with Volume:
Buy above ₹1120 (wait for a breakout candle with volume)
Target 1: ₹1180
Target 2: ₹1240
Stoploss: ₹1070 (just below the breakout level)
🔻 If Price Rejected at ₹1100-1120 Zone Again:
Sell near ₹1100-1110 (on bearish reversal candle confirmation)
Target: ₹1020
Stoploss: ₹1130
🎯 Ideal Strategy:
Wait for confirmation — either a clean breakout above ₹1120 or a rejection signal at resistance. Avoid trading within the zone.
for educational purposes only
Price is testing a resistance zone around ₹1100, which has been rejected twice before (as indicated by black arrows).
Volume has picked up on the recent move up — indicating buying interest.
RSI is turning up from near the 50 level, signaling positive momentum.
📈 Trade Plan:
🔹 If Price Breaks Above ₹1110-1120 with Volume:
Buy above ₹1120 (wait for a breakout candle with volume)
Target 1: ₹1180
Target 2: ₹1240
Stoploss: ₹1070 (just below the breakout level)
🔻 If Price Rejected at ₹1100-1120 Zone Again:
Sell near ₹1100-1110 (on bearish reversal candle confirmation)
Target: ₹1020
Stoploss: ₹1130
🎯 Ideal Strategy:
Wait for confirmation — either a clean breakout above ₹1120 or a rejection signal at resistance. Avoid trading within the zone.
for educational purposes only
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.