Transformers & Rectifiers (India) Ltd. – Weekly Chart Review
A successful retest of ₹343.70 followed by buying interest could trigger the next leg higher toward ₹385.70. Sustained momentum above ₹385.70 may open the path toward ₹425 and eventually ₹467.
However, a weekly close back below ₹343.70 would weaken the breakout structure and could lead to consolidation near the rising trendline.
TradingView Post Draft
Transformers & Rectifiers (India) Ltd. | Weekly Breakout Setup
The stock has broken out from an ascending triangle/accumulation structure on the weekly timeframe. Rising trendline support and strong volume participation suggest continued bullish momentum.
📈 Bullish Above: ₹343.70
🎯 Targets: ₹385.70 → ₹425.00 → ₹467.00
🛡️ Support: ₹343.70 and rising trendline
⚠️ Invalidation: Weekly close below ₹343.70
A successful retest of the breakout zone could provide a favorable risk-reward opportunity for positional traders.
Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Please conduct your own research and use proper risk management before taking any trade.
However, a weekly close back below ₹343.70 would weaken the breakout structure and could lead to consolidation near the rising trendline.
TradingView Post Draft
Transformers & Rectifiers (India) Ltd. | Weekly Breakout Setup
The stock has broken out from an ascending triangle/accumulation structure on the weekly timeframe. Rising trendline support and strong volume participation suggest continued bullish momentum.
📈 Bullish Above: ₹343.70
🎯 Targets: ₹385.70 → ₹425.00 → ₹467.00
🛡️ Support: ₹343.70 and rising trendline
⚠️ Invalidation: Weekly close below ₹343.70
A successful retest of the breakout zone could provide a favorable risk-reward opportunity for positional traders.
Disclaimer: This analysis is for educational purposes only and should not be considered investment advice. Please conduct your own research and use proper risk management before taking any trade.
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.