LAOPALA – Elegant Breakout or a Fakeout? CMP: ₹264.10 |LAOPALA – Elegant Breakout or a Fakeout?
CMP: ₹264.10 | Chart: 5-min | Date: June 22, 2025
📊 Chart Observations
Strong late-day breakout after extended consolidation
Sharp move from ₹250 to ₹273 followed by healthy retracement to ₹263
Volume exploded in the final 30 minutes – classic sign of breakout interest
🔍 Key Levels
Support Zones
₹258 – Short-term pullback zone
₹252 – Demand zone with previous resistance
Resistance / Target Zones
₹268 – Minor intraday resistance
₹275 – Short-term Target 1
₹282 – Swing Target 2
🧩 Trade Setup
🔹 BTST Plan
📌 Entry: ₹263–265
🎯 Target: ₹268+
🛑 SL: ₹258
🔹 Swing (3–5 Days)
📌 Entry: Add above ₹268
🎯 TGT 1: ₹275
🎯 TGT 2: ₹282
🛑 SL: ₹252
📈 Why It Caught Our Eye
Price broke above 3-day resistance range on massive volume
Large bullish candle near 3:00 PM followed by a mild pullback – signals strength, not exhaustion
Could be setting up for a clean flag-pole continuation
📅 Game Plan For Tomorrow
If ₹268 is taken out in first 30–45 min with fresh volume = Go Long
If dips near ₹258 and reverses with strength = Add-on opportunity
🚨 Avoid Below: ₹248 (reversal zone)
🧠 Caution: Needs early confirmation — otherwise could trap late buyers
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