JUBLINGREA Breakout

📊 1. Price Action & Pattern Analysis
Breakout Trigger:

Double Bottom at ₹660–₹670 confirmed.

Higher Lows and Higher Highs are clearly visible — a bullish trend structure.

Breakout from trendline resistance with a strong bullish candle on extreme volume confirms buyer interest.

Probable Retest Zone: Around ₹745–₹760, which overlaps with the 38.2–61.8% Fibonacci zone, indicating a good low-risk reentry area if price retests.

Stop-Loss (Aggressive): Just below ₹680 support zone (prior bottom and neckline).

🔍 2. Volume & Confirmation
Massive Volume Spike on breakout day — highest in recent months.

Volume confirms genuine buying pressure, validating the pattern breakout.

🧭 3. Stage Classification
✅ Current Stage: Stage 2 – Markup Phase (Early Stage)

Why:

Breakout from long consolidation.

Volume confirms institutional activity.

Trend structure shifting to higher highs/lows.

Strong retest and breakout of previous resistance zones.

🎯 4. Trade Plan Summary
Metric Value
📌 Entry Range ₹760–₹780 (retest possible)
🧯 Stop Loss (Aggressive) ₹675–₹680 zone
📈 Target 1 (Short-Term) ₹840–₹860 (as shown)
📈 Target 2 (Positional) ₹900+
🔎 Risk–Reward 1:2.5+ (Ideal Swing Setup)

🧠 “So many convincing acts happened here to take trade... Trade for 4 to 5% for consistency.”


✅ Conclusion
This is a classic Stage 2 early breakout with:

Multi-confirmation setup (pattern + trendline + volume)

Well-defined risk-reward

Excellent for swing-to-positional trades