Structure:
Long-term Cup & Handle pattern nearing completion on monthly timeframe, indicating accumulation after a prolonged base.
Confirmation Signals:
-Volume expanding on rallies
-RSI above 50 and rising
-OBV trending higher → accumulation visible
-Price holding above short-term EMAs
Trade Plan:
-Buy: Sustained breakout above ₹151
-Targets: ₹199 → ₹268
-Stop-loss: ₹134 (ATR-based, structure-valid)
-Risk–Reward: ~1:5
Long-term Cup & Handle pattern nearing completion on monthly timeframe, indicating accumulation after a prolonged base.
Confirmation Signals:
-Volume expanding on rallies
-RSI above 50 and rising
-OBV trending higher → accumulation visible
-Price holding above short-term EMAs
Trade Plan:
-Buy: Sustained breakout above ₹151
-Targets: ₹199 → ₹268
-Stop-loss: ₹134 (ATR-based, structure-valid)
-Risk–Reward: ~1:5
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.