ABDL: Bullish Setup Post-Breakout 🔥📈
✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum.
✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support.
✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook.
✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest.
✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend.
🎯 Key Levels:
Entry Zone: ₹395-396(Safe Players wait for a day close)
Target: ₹471-480 (Medium Term)
Stop Loss: ₹359 (Closing Basis)
💡 Risk/Reward:
Risk: ~9%
Reward: 38%-50%
📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
✅ Breakout Alert: Price broke out of a long consolidation range, signalling strong momentum.
✅ Retest Success: Retested the breakout zone (~₹373), confirming it as support.
✅ Bullish Pattern: Inverse Head & Shoulders confirmed, adding to the bullish outlook.
✅ Volume Pickup: Rising volume aligns with price action, indicating strong buying interest.
✅ Above Moving Averages: Price holds above key 50 & 200 DMAs, reinforcing the uptrend.
🎯 Key Levels:
Entry Zone: ₹395-396(Safe Players wait for a day close)
Target: ₹471-480 (Medium Term)
Stop Loss: ₹359 (Closing Basis)
💡 Risk/Reward:
Risk: ~9%
Reward: 38%-50%
📌 Note: This setup is for educational purposes only. Please do your due diligence before trading.
Trade active
6.8% move and staying in green in this bearish market. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.