ABCAPITAL – Volume-backed Breakout with Momentum Setup

ABCAPITAL – Volume-backed Breakout with Momentum Setup | Short-Term Swing
🟢 CMP: ₹255.10
📆 Date: 17 June 2025
📊 Timeframe: 3–5 Days Positional Trade

🔍 Technical Analysis
✅ Strong rally from ₹243 to ₹255 with minimal retracement – signs of accumulation
✅ Sustained higher highs & higher lows forming a bullish structure
✅ Breakout from a minor consolidation seen around ₹250
✅ Price comfortably trading above key short-term EMAs (9 & 21)
✅ Volume spike on recent candles confirms breakout legitimacy
✅ RSI in the 60–65 zone, indicating momentum without overbought signs

🎯 Trade Plan
🔹 Parameter 🔹 Value
Buy Zone ₹252 – ₹256
Stop Loss ₹247.50 (below last swing)
Target 1 ₹262
Target 2 ₹268
Target 3 ₹274
Risk–Reward ~1:2.2

🔥 Conviction Score: 85%
💡 Backed by breakout structure + strong volume + short-term bullish sentiment

🧠 Watch for:
Price sustaining above ₹252 with healthy intraday volume
Caution if closes below ₹248 or market turns risk-off

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