After a 3-year Falling Wedge, price has broken out and is retesting the breakout zone.
Price spent 3 years inside a falling wedge and has now broken out on the weekly and is attempting a retest.
Structure since Mar–Apr ’25 has shifted to higher low → higher high on weekly.
Volume expanded on the breakout leg and cooled off on the pullback – constructive for a continuation.
Key Levels
₹1900–2050: breakout-retest zone (near current price).
₹1,800–1,850: deep support / last higher-low area (≈61.8% of the up-leg).
₹1,500–1,550: wedge lower boundary (invalidates the larger bullish thesis if lost).
Bias: Bullish while weekly structure of higher lows holds.
Targets: ₹2,380–2,450 → ₹2,650–2,750; 3500+ trail stops under prior weekly lows.
This is an educational idea, not financial advice.
Price spent 3 years inside a falling wedge and has now broken out on the weekly and is attempting a retest.
Structure since Mar–Apr ’25 has shifted to higher low → higher high on weekly.
Volume expanded on the breakout leg and cooled off on the pullback – constructive for a continuation.
Key Levels
₹1900–2050: breakout-retest zone (near current price).
₹1,800–1,850: deep support / last higher-low area (≈61.8% of the up-leg).
₹1,500–1,550: wedge lower boundary (invalidates the larger bullish thesis if lost).
Bias: Bullish while weekly structure of higher lows holds.
Targets: ₹2,380–2,450 → ₹2,650–2,750; 3500+ trail stops under prior weekly lows.
This is an educational idea, not financial advice.
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.
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.