TATACAP Swing Trade Setup
IPO base breakout followed by a healthy consolidation phase.
Price formed a rounding bottom and broke above the descending trendline with strong volume participation.
The setup becomes attractive if price retests and holds the breakout area.
📍 Entry: On successful retest of breakout zone
🛑 Stop Loss: Below support zone on weekly closing basis
🎯 Target: Marked target zone
⚖️ Risk-Reward: Minimum 1:2.5
Volume confirms conviction. Retest confirms opportunity.
IPO base breakout followed by a healthy consolidation phase.
Price formed a rounding bottom and broke above the descending trendline with strong volume participation.
The setup becomes attractive if price retests and holds the breakout area.
📍 Entry: On successful retest of breakout zone
🛑 Stop Loss: Below support zone on weekly closing basis
🎯 Target: Marked target zone
⚖️ Risk-Reward: Minimum 1:2.5
Volume confirms conviction. Retest confirms opportunity.
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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.