Timeframe: Daily
Stock: THANGAMAYIL
Market: NSE
📦 Base → Breakout
Price spent multiple weeks inside a well-defined consolidation box, indicating balance and accumulation.
On 07 January 2026, price cleanly broke above this range with strong bullish expansion and clear volume participation — confirming buyer initiative.
🔁 Retest With Clear Rejection (21 January 2026)
Price revisited the breakout zone today and formed a bullish rejection candle on the daily timeframe.
Important clarity:
This is not a perfect bullish hammer
It is not a textbook dragonfly doji
However, the lower rejection wick is long and decisive enough to confirm rejection of lower prices
Price acceptance above the breakout zone is what matters — not candle names.
📊 Volume Validates the Move
Breakout → high volume
Retest → even higher volume
This indicates strong absorption of supply and confirms that buyers defended structure aggressively.
🎯 Trade View (Price-Based)
Swing Trade
Stop Loss: Below today’s retest candle low
Positional Trade
Stop Loss: ₹2970 (lower boundary of the earlier consolidation box)
Targets
₹4150 as first objective
Thereafter, trail stops and ride the trend
Suitable for swing and positional traders.
✅ Summary
No indicators.
No news.
No opinions.
Just structure, breakout, retest, rejection, and volume.
📌 Disclaimer
This is not financial advice.
Shared strictly for educational and analysis purposes.
Please manage risk responsibly and trade as per your own plan.
👍 If you found this useful, consider boosting 👍 and following for more clean price–volume setups.
💡 Feel free to suggest stocks or structures you’d like me to analyse next.
Stock: THANGAMAYIL
Market: NSE
📦 Base → Breakout
Price spent multiple weeks inside a well-defined consolidation box, indicating balance and accumulation.
On 07 January 2026, price cleanly broke above this range with strong bullish expansion and clear volume participation — confirming buyer initiative.
🔁 Retest With Clear Rejection (21 January 2026)
Price revisited the breakout zone today and formed a bullish rejection candle on the daily timeframe.
Important clarity:
This is not a perfect bullish hammer
It is not a textbook dragonfly doji
However, the lower rejection wick is long and decisive enough to confirm rejection of lower prices
Price acceptance above the breakout zone is what matters — not candle names.
📊 Volume Validates the Move
Breakout → high volume
Retest → even higher volume
This indicates strong absorption of supply and confirms that buyers defended structure aggressively.
🎯 Trade View (Price-Based)
Swing Trade
Stop Loss: Below today’s retest candle low
Positional Trade
Stop Loss: ₹2970 (lower boundary of the earlier consolidation box)
Targets
₹4150 as first objective
Thereafter, trail stops and ride the trend
Suitable for swing and positional traders.
✅ Summary
No indicators.
No news.
No opinions.
Just structure, breakout, retest, rejection, and volume.
📌 Disclaimer
This is not financial advice.
Shared strictly for educational and analysis purposes.
Please manage risk responsibly and trade as per your own plan.
👍 If you found this useful, consider boosting 👍 and following for more clean price–volume setups.
💡 Feel free to suggest stocks or structures you’d like me to analyse next.
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.