Price has confirmed a strong breakout on the weekly timeframe above the key resistance zone around ₹1,080, supported by rising volume and bullish momentum.
The structure suggests continuation towards the next higher supply zone.
**Trade Setup:**
* **Entry Zone:** On breakout / minor pullback above ₹1,080
* **Target:** ₹1,580
* **Stop Loss:** ₹946 (below key support)
The breakout follows a period of consolidation and higher lows, indicating strength in trend. As long as price sustains above the breakout level, bullish bias remains intact.
**Note:** Watch for retests of the breakout zone for better risk-reward entries.
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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.