CMP: ₹310.20
Buy Zone: ₹309.50–₹310.50
Stop Loss: ₹308.50 (strict)
Targets:
• ₹314
• ₹318
• ₹322
⸻
Technical Thesis
• Demand Zone Reclaim: Price bounced exactly off the previously marked demand block near ₹309. This area has held as support multiple times.
• Volume Spike on Push: Last bullish candle shows a volume burst at support, signaling interest from buyers at this level.
• Box Range Compression: A tight range is forming after a sell-off and minor base-building. This is often the precursor to a sharp move.
• Directional Bias: The rejection wicks from the downside and flattening lows hint at exhaustion on the bearish side.
Trade closed: target reached
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.