WeWork India is consolidating within a narrow range and is now approaching a potential breakout zone on the daily timeframe. After the recent listing volatility, the stock has formed a short-term base between ₹635–₹650, showing signs of absorption of supply around the resistance zone.
The candles are getting tighter with reduced wicks, and volume activity is stabilizing — often a precursor to a range breakout. Once the price sustains above the ₹650–₹655 entry zone, it could trigger a short-term momentum move toward the upside.
🎯 Key Levels:
CMP: ₹645.50 (−0.13%)
Entry Zone: ₹650 – ₹655
Target: ₹690 – ₹700
Stop-Loss (SL): ₹635 (on daily closing basis)
📈 Technical View:
Price consolidation indicates accumulation after the initial volatility phase.
A breakout above ₹655 with strong volume can confirm bullish momentum.
Risk–reward setup remains favorable with defined SL and clear target zone.
Heikin Ashi candles are showing early signs of trend continuation.
🧠 View:
A sustained move above ₹655 can confirm a breakout from the current range. Traders can look for a move toward ₹690–₹700 while maintaining a stop below ₹635. Price action should be closely monitored for volume confirmation.
The candles are getting tighter with reduced wicks, and volume activity is stabilizing — often a precursor to a range breakout. Once the price sustains above the ₹650–₹655 entry zone, it could trigger a short-term momentum move toward the upside.
🎯 Key Levels:
CMP: ₹645.50 (−0.13%)
Entry Zone: ₹650 – ₹655
Target: ₹690 – ₹700
Stop-Loss (SL): ₹635 (on daily closing basis)
📈 Technical View:
Price consolidation indicates accumulation after the initial volatility phase.
A breakout above ₹655 with strong volume can confirm bullish momentum.
Risk–reward setup remains favorable with defined SL and clear target zone.
Heikin Ashi candles are showing early signs of trend continuation.
🧠 View:
A sustained move above ₹655 can confirm a breakout from the current range. Traders can look for a move toward ₹690–₹700 while maintaining a stop below ₹635. Price action should be closely monitored for volume confirmation.
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.