๐ Chart Summary (Daily โ D1)
Metric Value
๐ CMP โน976.45
๐บ Dayโs Gain +โน72.20 (+7.98%)
๐ Volume 8.52M (strong volume spike)
๐ป Recent Pullback -7.06% over 12 days
๐บ Recent Surge Broke 12-day range downtrend
๐ Pattern Formed Falling wedge breakout (bullish)
๐ Technical Analysis Highlights
โ Bullish Falling Wedge Breakout: The stock was in a 12-day falling wedge (marked), which is typically a bullish continuation pattern. Price broke out convincingly.
๐ผ Entry Region Marked Smartly: The breakout candle with volume aligns perfectly with the entry box shown around โน940โโน960.
๐ฆ Volume Confirmation: Surge in volume post breakout confirms buyer strength and institutional activity.
๐ Target Zone: From risk-reward setup (1.5x), target is around โน1030โโน1050 area.
๐ Previous Resistance: Some resistance likely near โน1000 psychological level and again around โน1050โโน1070.
๐ง Strategy Summary
Element Value
๐ฏ Target 1 โน1030โโน1050
๐ Stop Loss โน920 (below wedge breakout low)
๐ Re-entry Zone โน940โโน960 (on any minor pullback)
โ๏ธ Risk-Reward ~1:1.5+
โ Observations & Guidance
This is a clean, well-defined setup with high probability.
Volume > price = confirmation of institutional activity.
Suggest booking partial gains near target and trail the rest
Any retest to wedge zone or โน940โโน960 can be a fresh opportunity.
Metric Value
๐ CMP โน976.45
๐บ Dayโs Gain +โน72.20 (+7.98%)
๐ Volume 8.52M (strong volume spike)
๐ป Recent Pullback -7.06% over 12 days
๐บ Recent Surge Broke 12-day range downtrend
๐ Pattern Formed Falling wedge breakout (bullish)
๐ Technical Analysis Highlights
โ Bullish Falling Wedge Breakout: The stock was in a 12-day falling wedge (marked), which is typically a bullish continuation pattern. Price broke out convincingly.
๐ผ Entry Region Marked Smartly: The breakout candle with volume aligns perfectly with the entry box shown around โน940โโน960.
๐ฆ Volume Confirmation: Surge in volume post breakout confirms buyer strength and institutional activity.
๐ Target Zone: From risk-reward setup (1.5x), target is around โน1030โโน1050 area.
๐ Previous Resistance: Some resistance likely near โน1000 psychological level and again around โน1050โโน1070.
๐ง Strategy Summary
Element Value
๐ฏ Target 1 โน1030โโน1050
๐ Stop Loss โน920 (below wedge breakout low)
๐ Re-entry Zone โน940โโน960 (on any minor pullback)
โ๏ธ Risk-Reward ~1:1.5+
โ Observations & Guidance
This is a clean, well-defined setup with high probability.
Volume > price = confirmation of institutional activity.
Suggest booking partial gains near target and trail the rest
Any retest to wedge zone or โน940โโน960 can be a fresh opportunity.
Related publications
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.
Related publications
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.