Bartronics India has completed a prolonged corrective phase and is now showing signs of a structural reversal
Pattern: Falling Wedge formation indicating potential bullish reversal.
Market Structure: A confirmed Change of Character (CHoCH) signals a shift from bearish to bullish bias.
Demand Zone: Strong bullish order block between ₹12.80–₹13.80, marking institutional accumulation.
Volume Confirmation: Breakout supported by rising volume, reflecting renewed investor interest.
Fundamental View
Bartronics India is currently a profit-making company, reflecting operational improvement and steady financial performance.
This aligns with the ongoing technical reversal, suggesting potential for a sustained bullish phase.
Trade Plan
Entry Zone: Current Market Price
Stop Loss: Below ₹12.50
Target 1: ₹17.50
Target 2: ₹22.00
Risk–Reward Ratio: ~1:4
Conclusion
The confluence of a technical breakout, order block formation, and positive fundamentals supports a bullish outlook for the coming weeks.
Pattern: Falling Wedge formation indicating potential bullish reversal.
Market Structure: A confirmed Change of Character (CHoCH) signals a shift from bearish to bullish bias.
Demand Zone: Strong bullish order block between ₹12.80–₹13.80, marking institutional accumulation.
Volume Confirmation: Breakout supported by rising volume, reflecting renewed investor interest.
Fundamental View
Bartronics India is currently a profit-making company, reflecting operational improvement and steady financial performance.
This aligns with the ongoing technical reversal, suggesting potential for a sustained bullish phase.
Trade Plan
Entry Zone: Current Market Price
Stop Loss: Below ₹12.50
Target 1: ₹17.50
Target 2: ₹22.00
Risk–Reward Ratio: ~1:4
Conclusion
The confluence of a technical breakout, order block formation, and positive fundamentals supports a bullish outlook for the coming weeks.
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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.
For more live trades
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
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.