Trend & Pattern
The rounding-bottom breakout is typically a strong long-term bullish signal.
The daily RSI is high, showing strong momentum, but it also means short-term profit-booking or small pullbacks can occur.
🔹 Support & Resistance
₹132 is the key support. As long as the stock stays above this level, the trend remains positive.
Upside targets of ₹150 → ₹160 look realistic, though normal corrections along the way are possible.
🔹 Trading Approach
Prefer a buy-on-dips strategy for new entries.
Place a stop-loss just below ₹132.
Since the RSI is near overbought, avoid taking a full position at current highs—wait for minor pullbacks.
⚠️ Disclaimer: This is purely technical analysis, not investment advice. Please consider your own risk profile, market news, and the company’s fundamentals before making trading or investment decisions.
The rounding-bottom breakout is typically a strong long-term bullish signal.
The daily RSI is high, showing strong momentum, but it also means short-term profit-booking or small pullbacks can occur.
🔹 Support & Resistance
₹132 is the key support. As long as the stock stays above this level, the trend remains positive.
Upside targets of ₹150 → ₹160 look realistic, though normal corrections along the way are possible.
🔹 Trading Approach
Prefer a buy-on-dips strategy for new entries.
Place a stop-loss just below ₹132.
Since the RSI is near overbought, avoid taking a full position at current highs—wait for minor pullbacks.
⚠️ Disclaimer: This is purely technical analysis, not investment advice. Please consider your own risk profile, market news, and the company’s fundamentals before making trading or investment decisions.
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.