Key Observations:
Technical Setup – Trendline Resistance Breakout:
Price is approaching trendline resistance. A confirmed breakout above this level, supported by a strong green candle and heavy volume, could signal a bullish acceleration.
Fundamental Catalyst – Strong Q4 FY25 Results:
- 69% YoY Revenue Growth: Driven by robust demand and enhanced store performance.
- 24% Same-Store Sales Growth: Highlights operational strength.
- Aggressive Expansion: 29 new stores added in Q4 (total 189), focusing on high-potential tier-2/3 cities.
Strategic Plan:
Entry:
- Condition: Wait for a daily close above the trendline resistance with:
- Volume Surge: At least 1.5x the 20-day average volume.
- Bullish Candlestick: A decisive green candle (minimal upper wick preferred).
Targets: Measured move target (based on pattern height).
Stop Loss Placement: 3-5% below the breakout level or recent swing low.
Risk Management:
Position Size: Risk limited to 1-2% of capital.
Trailing Stop: Adjust to breakeven after reaching 1:2 RR
Why This Trade Works:
- Fundamental Strength: Explosive revenue growth and strategic store expansion.
- Breakout Momentum: A confirmed breakout above resistance could attract institutional buying.
Critical Levels:
Resistance: Trendline (breakout trigger).
Support: Nearest swing low (stop loss anchor).
Final Notes:
- Wait for Confirmation: Do not chase the price pre-breakout.
- Earnings Consistency: Monitor future quarters for sustained growth execution.
Disclaimer: This is not financial advice. Trade at your own risk after independent analysis.
Technical Setup – Trendline Resistance Breakout:
Price is approaching trendline resistance. A confirmed breakout above this level, supported by a strong green candle and heavy volume, could signal a bullish acceleration.
Fundamental Catalyst – Strong Q4 FY25 Results:
- 69% YoY Revenue Growth: Driven by robust demand and enhanced store performance.
- 24% Same-Store Sales Growth: Highlights operational strength.
- Aggressive Expansion: 29 new stores added in Q4 (total 189), focusing on high-potential tier-2/3 cities.
Strategic Plan:
Entry:
- Condition: Wait for a daily close above the trendline resistance with:
- Volume Surge: At least 1.5x the 20-day average volume.
- Bullish Candlestick: A decisive green candle (minimal upper wick preferred).
Targets: Measured move target (based on pattern height).
Stop Loss Placement: 3-5% below the breakout level or recent swing low.
Risk Management:
Position Size: Risk limited to 1-2% of capital.
Trailing Stop: Adjust to breakeven after reaching 1:2 RR
Why This Trade Works:
- Fundamental Strength: Explosive revenue growth and strategic store expansion.
- Breakout Momentum: A confirmed breakout above resistance could attract institutional buying.
Critical Levels:
Resistance: Trendline (breakout trigger).
Support: Nearest swing low (stop loss anchor).
Final Notes:
- Wait for Confirmation: Do not chase the price pre-breakout.
- Earnings Consistency: Monitor future quarters for sustained growth execution.
Disclaimer: This is not financial advice. Trade at your own risk after independent analysis.
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.