Arham Technologies – Fibonacci Reversal + Bullish Monthly Breakout Setup
Timeframe: Monthly
CMP: ₹140.85
Key Levels:
0.382 Fib: ₹121.45
0.236 Fib: ₹144.97
Swing High: ₹183
Major Support: ₹75.10
📈 Technical Overview
Arham Technologies has completed a multi-month correction from its ₹183 peak and has taken perfect support near the 0.5 Fibonacci level (₹102.44). This is a classical correction-completion zone in midcap momentum stocks.
The current monthly candle shows strong bullish momentum (+29%), confirming a trend reversal from the Fib retracement zone.
Key Observations
✔ Price reversed exactly from 0.5 Fibonacci retracement (₹102.44)
✔ Bullish engulfing candle breaking above 0.382 Fib (₹121.45)
✔ MACD flattening & turning upward → momentum recovery starting
✔ RSI bouncing strongly from oversold region
✔ Volume curve improving after consolidation
✔ Next major resistance at 0.236 Fib (₹144.97)
This structure indicates a fresh impulse wave may begin.
📊 Arthavidhi Trade Setup
🔹 Entry
Aggressive Entry: ₹138–₹142 (current zone)
Safe Entry: On monthly close above ₹145 (0.236 Fib breakout)
🔹 Stop-Loss (Monthly Close Basis)
₹102.44 (Fib 0.5 level + structural support)
Conservative SL: ₹75.10
🔹 Upside Targets
T1 → ₹155
(near-term Fib extension resistance)
T2 → ₹170
(previous supply zone)
T3 → ₹183+
(previous ATH — breakout possible if volume expands)
T4 → ₹210+ (positional)
(If ATH breaks with strong momentum)
🎯 Trade Logic
The stock has respected golden Fib levels, which usually mark the end of correction.
Strong bullish monthly candle after 6–8 months of consolidation.
MACD + RSI structure indicates fresh momentum cycle.
Above ₹145, the stock enters free bullish territory toward ₹170 / ₹183.
This is a high-probability reversal setup commonly seen in early-stage multi-bagger stocks.
⚠️ Risk Management
Do not use intraday SL; only consider monthly close.
Risk per trade ≤ 1–1.5% of capital.
Avoid fresh buying if price rejects from ₹145 on monthly closing.
“Arham Technologies has completed a clean Fibonacci correction and is now breaking above the 0.382 Fib zone with a strong bullish monthly candle. Above ₹145, the stock can aim for ₹155 → ₹170 → ₹183. Monthly SL: ₹102.44.”
Timeframe: Monthly
CMP: ₹140.85
Key Levels:
0.382 Fib: ₹121.45
0.236 Fib: ₹144.97
Swing High: ₹183
Major Support: ₹75.10
📈 Technical Overview
Arham Technologies has completed a multi-month correction from its ₹183 peak and has taken perfect support near the 0.5 Fibonacci level (₹102.44). This is a classical correction-completion zone in midcap momentum stocks.
The current monthly candle shows strong bullish momentum (+29%), confirming a trend reversal from the Fib retracement zone.
Key Observations
✔ Price reversed exactly from 0.5 Fibonacci retracement (₹102.44)
✔ Bullish engulfing candle breaking above 0.382 Fib (₹121.45)
✔ MACD flattening & turning upward → momentum recovery starting
✔ RSI bouncing strongly from oversold region
✔ Volume curve improving after consolidation
✔ Next major resistance at 0.236 Fib (₹144.97)
This structure indicates a fresh impulse wave may begin.
📊 Arthavidhi Trade Setup
🔹 Entry
Aggressive Entry: ₹138–₹142 (current zone)
Safe Entry: On monthly close above ₹145 (0.236 Fib breakout)
🔹 Stop-Loss (Monthly Close Basis)
₹102.44 (Fib 0.5 level + structural support)
Conservative SL: ₹75.10
🔹 Upside Targets
T1 → ₹155
(near-term Fib extension resistance)
T2 → ₹170
(previous supply zone)
T3 → ₹183+
(previous ATH — breakout possible if volume expands)
T4 → ₹210+ (positional)
(If ATH breaks with strong momentum)
🎯 Trade Logic
The stock has respected golden Fib levels, which usually mark the end of correction.
Strong bullish monthly candle after 6–8 months of consolidation.
MACD + RSI structure indicates fresh momentum cycle.
Above ₹145, the stock enters free bullish territory toward ₹170 / ₹183.
This is a high-probability reversal setup commonly seen in early-stage multi-bagger stocks.
⚠️ Risk Management
Do not use intraday SL; only consider monthly close.
Risk per trade ≤ 1–1.5% of capital.
Avoid fresh buying if price rejects from ₹145 on monthly closing.
“Arham Technologies has completed a clean Fibonacci correction and is now breaking above the 0.382 Fib zone with a strong bullish monthly candle. Above ₹145, the stock can aim for ₹155 → ₹170 → ₹183. Monthly SL: ₹102.44.”
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.