Trend
Weekly candles are showing strong bullish momentum with higher volumes (suggesting institutional buying).
Sustained closing above ₹1,325 could trigger a fresh breakout, opening upside targets toward ₹1,450 – ₹1,500.
⚠️ Risk Factors
If the stock fails to sustain above ₹1,300 levels, profit booking may pull it back to ₹1,190 – ₹1,050 zone.
Broader market sentiment (Nifty trend) will also play a role in sustaining higher levels.
🎯 View
Bias: Bullish (Short to Medium Term)
Key Trigger: Breakout & weekly closing above ₹1,325.
Targets: ₹1,450 – ₹1,500 (short-term), ₹1,700 (medium-term if momentum continues).
Stop Loss (Positional): ₹1,150 on weekly closing basis.
📌 Disclaimer
This analysis is for educational and informational purposes only. It is based on publicly available price data and technical chart observations, not on insider or fundamental information. This does not constitute investment advice or a recommendation to buy/sell securities. Markets are subject to risks; investors should consult a SEBI-registered financial advisor before making any investment decisions.
Weekly candles are showing strong bullish momentum with higher volumes (suggesting institutional buying).
Sustained closing above ₹1,325 could trigger a fresh breakout, opening upside targets toward ₹1,450 – ₹1,500.
⚠️ Risk Factors
If the stock fails to sustain above ₹1,300 levels, profit booking may pull it back to ₹1,190 – ₹1,050 zone.
Broader market sentiment (Nifty trend) will also play a role in sustaining higher levels.
🎯 View
Bias: Bullish (Short to Medium Term)
Key Trigger: Breakout & weekly closing above ₹1,325.
Targets: ₹1,450 – ₹1,500 (short-term), ₹1,700 (medium-term if momentum continues).
Stop Loss (Positional): ₹1,150 on weekly closing basis.
📌 Disclaimer
This analysis is for educational and informational purposes only. It is based on publicly available price data and technical chart observations, not on insider or fundamental information. This does not constitute investment advice or a recommendation to buy/sell securities. Markets are subject to risks; investors should consult a SEBI-registered financial advisor before making any investment decisions.
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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.
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.