ANGELONE – Weekly Resistance Breakout Setup 🚀
#SwingTrading #Breakout #AngelOne #PriceAction #WeeklyChart
Pattern:
Strong multi-year resistance breakout after a long consolidation phase. The stock is attempting to reclaim a major supply zone around ₹340–345 with increasing momentum and volume participation.
Trade Setup
📌 Entry: Above ₹345 (Weekly Closing Basis Preferred)
🛑 Stop Loss: ₹290
🎯 Final Target: ₹660
Why This Setup Looks Interesting?
✅ Breakout from a long consolidation range
✅ Strong bullish structure with higher highs and higher lows
✅ Price approaching a major resistance zone after accumulation
✅ Favorable risk-to-reward profile
✅ Potential for trend continuation if breakout sustains above ₹345
Trade Management
Conservative traders may wait for a weekly close above ₹345.
Aggressive traders can enter on a breakout with volume confirmation.
Consider trailing the stop loss below swing lows as the stock advances toward targets.
Risk-Reward
Risk: ~16%
Reward Potential: ~90%+
Attractive positional swing setup if breakout sustains.
⚠️ Disclaimer:
This analysis is shared solely for educational and informational purposes. The levels, targets, and views mentioned are personal observations based on price action and chart structure and should not be considered investment advice or a recommendation to buy or sell any security. Stock market investments and trading involve substantial risk. Please conduct your own research and consult a qualified financial advisor before making any investment decisions.
Always manage risk. Capital protection comes before profit generation.
#SwingTrading #Breakout #AngelOne #PriceAction #WeeklyChart
Pattern:
Strong multi-year resistance breakout after a long consolidation phase. The stock is attempting to reclaim a major supply zone around ₹340–345 with increasing momentum and volume participation.
Trade Setup
📌 Entry: Above ₹345 (Weekly Closing Basis Preferred)
🛑 Stop Loss: ₹290
🎯 Final Target: ₹660
Why This Setup Looks Interesting?
✅ Breakout from a long consolidation range
✅ Strong bullish structure with higher highs and higher lows
✅ Price approaching a major resistance zone after accumulation
✅ Favorable risk-to-reward profile
✅ Potential for trend continuation if breakout sustains above ₹345
Trade Management
Conservative traders may wait for a weekly close above ₹345.
Aggressive traders can enter on a breakout with volume confirmation.
Consider trailing the stop loss below swing lows as the stock advances toward targets.
Risk-Reward
Risk: ~16%
Reward Potential: ~90%+
Attractive positional swing setup if breakout sustains.
⚠️ Disclaimer:
This analysis is shared solely for educational and informational purposes. The levels, targets, and views mentioned are personal observations based on price action and chart structure and should not be considered investment advice or a recommendation to buy or sell any security. Stock market investments and trading involve substantial risk. Please conduct your own research and consult a qualified financial advisor before making any investment decisions.
Always manage risk. Capital protection comes before profit generation.
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.