BUY Setup 🚜
Entry: ₹5,703-5,720 (Current Level)
Target 1: ₹5,779-5,800
Target 2: ₹5,887-5,900
Target 3: ₹6,000+ (Extended)
Stop Loss: ₹5,620
Technical Rationale:
Massive volume spike (8.71K) - highest in recent period, highlighted with blue arrow
Strong bullish momentum with +5.23% surge today
Breaking out from consolidation range (5,460-5,700)
Price moving above resistance zone marked at 5,700
Rounding bottom formation visible - classic bullish reversal
RSI around 65, showing strength with room for upside
Volume confirmation is exceptional - institutional buying evident
Agricultural/tractor sector showing renewed interest
Two major resistance levels clearly marked at 5,779 and 5,887
Support established at breakout zone (5,650-5,680)
Risk-Reward: Strong 1:3+ ratio
Pattern: Rounding bottom breakout with exceptional volume - highly reliable bullish signal
Strategy: Short to medium-term swing - Book 30% at T1 (5,790), 30% at T2 (5,890), trail remaining with SL at 5,720 after T1
Key Catalysts:
Volume explosion indicating smart money accumulation
Agricultural sector tailwinds
Festive season demand
Key Levels:
Strong Resistance: 5,779, 5,887
Support: 5,650, 5,620, 5,600
education purpose only
Entry: ₹5,703-5,720 (Current Level)
Target 1: ₹5,779-5,800
Target 2: ₹5,887-5,900
Target 3: ₹6,000+ (Extended)
Stop Loss: ₹5,620
Technical Rationale:
Massive volume spike (8.71K) - highest in recent period, highlighted with blue arrow
Strong bullish momentum with +5.23% surge today
Breaking out from consolidation range (5,460-5,700)
Price moving above resistance zone marked at 5,700
Rounding bottom formation visible - classic bullish reversal
RSI around 65, showing strength with room for upside
Volume confirmation is exceptional - institutional buying evident
Agricultural/tractor sector showing renewed interest
Two major resistance levels clearly marked at 5,779 and 5,887
Support established at breakout zone (5,650-5,680)
Risk-Reward: Strong 1:3+ ratio
Pattern: Rounding bottom breakout with exceptional volume - highly reliable bullish signal
Strategy: Short to medium-term swing - Book 30% at T1 (5,790), 30% at T2 (5,890), trail remaining with SL at 5,720 after T1
Key Catalysts:
Volume explosion indicating smart money accumulation
Agricultural sector tailwinds
Festive season demand
Key Levels:
Strong Resistance: 5,779, 5,887
Support: 5,650, 5,620, 5,600
education purpose only
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.