View: Strongly Bullish.
Bias: Trend reversal confirmed.
Strategy:
BUY: Initiate around ₹240-₹245 or on retest of ₹230-₹235.
Targets (T):
T1: ₹262
T2: ₹287
T3: ₹312
Stop-Loss (SL): ₹220 (on daily closing basis).
Reasoning:
Decisive breakout from a significant long-term descending trendline.
Strong volume confirming the breakout.
RSI indicating robust bullish momentum.
Potential for significant upside as stock recovers from prior fall.
Note: This is an educational analysis and not financial advice. Do your own due diligence before investing.
Bias: Trend reversal confirmed.
Strategy:
BUY: Initiate around ₹240-₹245 or on retest of ₹230-₹235.
Targets (T):
T1: ₹262
T2: ₹287
T3: ₹312
Stop-Loss (SL): ₹220 (on daily closing basis).
Reasoning:
Decisive breakout from a significant long-term descending trendline.
Strong volume confirming the breakout.
RSI indicating robust bullish momentum.
Potential for significant upside as stock recovers from prior fall.
Note: This is an educational analysis and not financial advice. Do your own due diligence before investing.
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.