Falling Wedge Pattern (Bullish Setup) | Re-Opportunity

it did give an opportunity last week, then fell, and is again at an opportunity zone now.

RSI Analysis
Your RSI shows:
RSI near 37–38
This is close to oversold, which is usually where reversals happen
Earlier, RSI bounced from similar levels
➡️ Supports a bounce possibility.


MACD Analysis
MACD is:
Below zero
Weak
But histogram shows reducing red bars (selling pressure slowing down)
➡️ MACD is not bullish yet, but weakening selling often comes before reversal.

It is again touching that same support, which means:
✔ Another opportunity is forming
✔ A bounce is possible
✔ Risk is low because stop-loss is nearby
❗ But downside risk is also real if support breaks

Entry Zone:
₹124–128 (exactly where price is now)
Stop-Loss:
A daily close below ₹122
If wedge breaks → downside can be sharp.
Targets:
If bounce happens:
T1: ₹135
T2: ₹142
T3: ₹150 (massive trendline resistance)

📌 Note
This analysis is for educational purposes only. It is not a buy or sell recommendation. Always do your own research and analysis before taking any trade. The stock market involves risk — trade carefully and use proper risk management.