📊 Technical Analysis Summary
✅ Pattern Identified
Darvas Box Breakout:
The price has broken out of a consolidation box (marked in blue) on strong volume, which is a bullish signal.
Volume Spike:
There is a noticeable increase in volume (highlighted in the orange circle), which validates the breakout. Volume confirmation is essential in Darvas Box patterns.
🔼 Price Action
Current Price: ₹6,279.50
Breakout from consolidation zone: ~₹6,025.50 - ₹6,250 range
🎯 Targets & Stop-Loss (SL)
Level Price (₹) Description
SL 6,025.50 Stop-loss below Darvas box base
TP1 6,759.80 First target based on box height
TP2 7,583.50 Second target (extended move)
Max TP ~7,792.95 Potential resistance/exit zone
🧠 Strategy Insights
Entry Zone: Entry ideally at or just above breakout (~₹6,250–₹6,300).
Risk-Reward Ratio:
To TP1: ~1.3x
To TP2: ~3.5x
Attractive risk/reward profile if SL is strictly followed.
Trend: Clearly bullish on the weekly timeframe.
✅ Pattern Identified
Darvas Box Breakout:
The price has broken out of a consolidation box (marked in blue) on strong volume, which is a bullish signal.
Volume Spike:
There is a noticeable increase in volume (highlighted in the orange circle), which validates the breakout. Volume confirmation is essential in Darvas Box patterns.
🔼 Price Action
Current Price: ₹6,279.50
Breakout from consolidation zone: ~₹6,025.50 - ₹6,250 range
🎯 Targets & Stop-Loss (SL)
Level Price (₹) Description
SL 6,025.50 Stop-loss below Darvas box base
TP1 6,759.80 First target based on box height
TP2 7,583.50 Second target (extended move)
Max TP ~7,792.95 Potential resistance/exit zone
🧠 Strategy Insights
Entry Zone: Entry ideally at or just above breakout (~₹6,250–₹6,300).
Risk-Reward Ratio:
To TP1: ~1.3x
To TP2: ~3.5x
Attractive risk/reward profile if SL is strictly followed.
Trend: Clearly bullish on the weekly timeframe.
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.