✅ Strong breakout above the ₹440 resistance with a bullish candle.
✅ Price has reclaimed the 20 DMA and 50 DMA.
✅ Higher High–Higher Low structure is developing.
✅ RSI is above 65, indicating strong momentum.
✅ Volume has expanded on the breakout, supporting buying interest.
Strategy
Buy Above: ₹442–₹446
Add on Dips: ₹430–₹438
Stop Loss: ₹418 (Daily Closing Basis)
Risk Factors
❌ A close below ₹418 would weaken the current bullish setup.
❌ Failure to sustain above ₹440 may lead to a retest of the ₹430 support zone.
✅ Price has reclaimed the 20 DMA and 50 DMA.
✅ Higher High–Higher Low structure is developing.
✅ RSI is above 65, indicating strong momentum.
✅ Volume has expanded on the breakout, supporting buying interest.
Strategy
Buy Above: ₹442–₹446
Add on Dips: ₹430–₹438
Stop Loss: ₹418 (Daily Closing Basis)
Risk Factors
❌ A close below ₹418 would weaken the current bullish setup.
❌ Failure to sustain above ₹440 may lead to a retest of the ₹430 support zone.
V!bhut! Sh@rm@99
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.
V!bhut! Sh@rm@99
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.