🗓️ Breakout Date: June 5, 2025
📈 Pattern: Stage 1 Base Breakout
📊 Volume: Strong breakout volume, confirming institutional buying interest
📉 Moving Averages: Price trading above all key moving averages (short, medium, long)
📈 Relative Strength vs Nifty: Turned positive — showing outperformance
📍 Key Notes:
📌 Actionable Idea:
Wait for price action to either:
🛑 Avoid chasing at current levels — let price offer better risk-reward.
📈 Pattern: Stage 1 Base Breakout
📊 Volume: Strong breakout volume, confirming institutional buying interest
📉 Moving Averages: Price trading above all key moving averages (short, medium, long)
📈 Relative Strength vs Nifty: Turned positive — showing outperformance
📍 Key Notes:
- Clean breakout from multi-month Stage 1 base
- Supply zone overhead — wait for consolidation or pullback to enter with favorable R:R
- Add to watchlist for potential entry near support or breakout continuation
📌 Actionable Idea:
Wait for price action to either:
- Retest breakout zone (₹470–₹480 range), or
- Break above ₹570 (supply zone) with volume confirmation
🛑 Avoid chasing at current levels — let price offer better risk-reward.
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.