GOLD: Retesting support will lead to a riseHello to all dear traders, Lucas_Reid here!
Gold has now broken upward out of the wedge and confirmed the recent bullish momentum. A major player is building a trading position above the wedge and is ready to distribute. But the main question is: how long will it last?
Basically, the recent surge in gold prices is due to the tensions in the Middle East and the large-scale missile exchanges between Iran and Israel – attracting safe-haven inflows. Interestingly, gold slightly declined at the end of Friday’s trading session, hovering around $3,368 at the time of writing (which is generally reasonable after the spike). However, the broader macro context still supports Gold in the medium term, with continued demand from central banks and persistent geopolitical risks providing support.
In addition, the Dollar is in a global downtrend and traders are waiting for a decision from Powell (who is under pressure from Trump to cut interest rates).
From a technical perspective, if we look at the big picture, we can see that buyers are in control, suggesting a continuation is likely. The price has broken out of the recent consolidation. The subsequent move was followed by consolidation and a reaction above the breakout level. Theoretically, we can speculate that major players are building positions above the current wedge. This can only imply the possibility of future deployment (distribution).
BUT, failure to stay above this level could invalidate the bullish scenario and increase the likelihood of a retracement toward the lower boundary of the channel.
Sincerely,
Lucas_Reid!
Technical Analysis
EURUSD – Short-term pullback before potential recoveryOn June 21, EURUSD edged down 0.12% to close at 1.15222 following mixed PMI data from the Eurozone. The H4 chart shows that price remains within the main ascending channel, forming a lower high around 1.16300 — a signal of a short-term corrective phase.
Currently, EURUSD is consolidating sideways near an unfilled Fair Value Gap (FVG) resistance zone. If price fails to break above this level, a short-term drop toward the ascending channel support at 1.14860 is likely, before a potential rebound toward 1.15860 and possibly 1.16300.
Short-term strategy: Watch price action near the trendline support. If clear bullish rejection appears, this could offer a buying opportunity in line with the broader trend, targeting a recovery to recent highs.
XAUUSD –Bounces from support, watching PMI & Powell for breakoutGold is recovering from the 3,357 zone – the lower boundary of the ascending channel on the H4 chart, with the FVG area around 3,365–3,375 acting as near-term support. The higher-lows structure remains intact, indicating the medium-term uptrend is still in play.
On the news front, the US Flash Manufacturing PMI is expected to decline, and Fed Chair Powell is set to testify before Congress. If dovish signals emerge, gold could see a strong push higher.
Strategy: Consider buying around 3,357–3,365 if confirmation appears, targeting 3,443.
Do you think gold has the momentum to break through this resistance zone?
Compression Before Expansion: Market Awaits Its Next MoveBTCUSD – Compression Before Expansion: Market Awaits Its Next Move
Bitcoin is trading within a compressed structure after rejecting key resistance and retesting support. While the overall sentiment remains cautious, the technical setup is beginning to show signs of strength — if buyers can reclaim control.
🧭 Macro Check-In: Calm Before the Crypto Storm?
No rate cut from the Fed yet, but markets are starting to price in the possibility of a pause in Q3 or Q4.
ETF inflows slowing, but institutional positions are not closing — suggesting long-term conviction remains.
Political momentum in the US is shifting towards crypto adoption, with Bitcoin emerging as a talking point in election debates.
Dollar index (DXY) continues to chop, giving crypto room to breathe if inflation data remains mild.
In short: liquidity is building, but the trigger hasn’t fired — yet.
📊 Chart Structure (H1–H4): Levels That Matter
BTC is holding just above 103,100, a key level where previous demand stepped in.
The mid-range resistance lies at 104,184 — this needs to break for bulls to gain short-term control.
Above that, eyes are on 106,047, then 107,586 (top of the descending channel).
EMA alignment is still bearish → wait for structure shift, not FOMO.
📌 Trade Map
🔵 Buy Setup
Zone: 103,100 – 103,300
Condition: Bullish reaction + rejection wick / engulfing
SL: 102,600
TP: 104,184 → 106,047 → 107,586
🔴 Sell Setup (Only if trap triggers)
Zone: 107,500 – 107,800
Condition: Rejection + volume fade
SL: 108,200
TP: 106,000 → 104,500
🧠 Trader Insight
“When the chart compresses, smart money positions early.”
Bitcoin is not trending — it's accumulating or distributing. Retail is waiting for breakout. Smart traders are preparing for both scenarios.
Watch the reaction, not the prediction.
Stay objective. Let levels lead the logic.
XAUUSD 23/06 – Bears Losing Steam as FVG Zone Returns to PlayXAUUSD – Gold Sets Up for a Strategic Bounce Amid Fed Dovish Shift and Yield Retreat
📊 MACRO & FUNDAMENTAL INSIGHTS – WEEK AHEAD
Gold enters the final week of June with renewed investor focus amid softening Fed rhetoric and weakening US Treasury yields. Here's what Indian traders need to watch:
🔻 Fed Signals & Rate Cut Bets Rising
Jerome Powell’s upcoming speech and comments from FOMC members will shape the tone. Market now prices in a 65% probability of a rate cut in September, according to CME FedWatch.
If Powell leans dovish, expect renewed demand for non-yielding assets like gold. Conversely, hawkish surprises may pressure prices downward.
📉 US Dollar and Bond Yields Losing Momentum
The US Dollar Index (DXY) is retreating after peaking, while 10-year yields hover near 4.23% but fail to break higher.
Weakening yields and profit-taking on the dollar strengthen the safe-haven narrative for gold, particularly attractive to Indian investors during times of global volatility.
🌍 Geopolitical Tensions & Capital Flow Rotation
Ongoing concerns in the Middle East, Ukraine, and Indo-Pacific increase gold’s appeal as a hedge.
Institutions have started rotating capital from equities to safe-haven assets. ETF inflows and central bank reserves—particularly from China and India—underline long-term accumulation.
🧠 TECHNICAL ANALYSIS – STRUCTURE & SENTIMENT
On the H1 chart, XAUUSD remains within a broader descending channel but has printed a potential reversal setup from the BUY ZONE (3327–3325).
The recent drop filled a Fair Value Gap (FVG), offering strong confluence support.
Price action shows early signs of accumulation with bullish divergence on RSI and price holding above the trendline support.
Immediate resistance is seen at 3355–3360, with stronger supply anticipated near the SELL ZONE (3398–3400), aligning with a high-timeframe trendline.
🎯 TRADING PLAN – UPDATED FOR SHORT/MEDIUM TERM
🔵 BUY ZONE: 3327 – 3325
SL: 3320
TP: 3330 → 3335 → 3340 → 3345 → 3350 → 3355 → 3360 → ???
This zone aligns with key structural support and the base of FVG. A break above 3360 may trigger acceleration toward 3375–3390.
🔴 SELL ZONE: 3398 – 3400
SL: 3405
TP: 3395 → 3390 → 3386 → 3380 → 3375 → 3370 → 3360
Ideal area to fade potential spikes driven by news or sentiment. Look for rejection wicks or RSI divergence before entering.
⚖️ STRATEGY OUTLOOK
With central banks tilting toward easing, gold may reclaim dominance as a macro hedge. India’s gold imports are expected to increase if prices consolidate below 3350. Patience and discipline around key zones are critical—let price validate direction.
Weekly CT Breakout + 200EMA Flip | GALAXYSURF Structure📉 Main CT Line (Dotted White)
A well-defined counter-trendline finally gave way after weeks of price compression. The breakout was clean, with a strong bullish candle closing decisively above it.
📊 Volume Confirmation
Breakout candle posted a solid spike in volume — the highest weekly volume in months. 💥
📈 200 EMA Broken (Blue Line)
Price has also cleared the 200-week EMA, a key dynamic resistance, now potentially flipping to support. 📉
🟧 Higher Timeframe Supply (Orange Line) / ⚪ (White Lines)
The breakout candle has also stepped into a tight zone between Weekly + Monthly supply, marked by the orange line.
📌 As always, the chart tells the story. No predictions. No assumptions, just structure.
Oil in a Tight Squeeze: Will the Triangle Break Spark a Surge?Crude oil is currently forming a symmetrical triangle pattern, a classic squeeze formation with prices compressed into a narrow range. Symmetrical triangles often act as continuation patterns, supporting the prevailing trend, and in this case, on the daily chart, the trend is well-established: an uptrend with high volume. Since the dominant trend is clearly upward and volume remains relatively high throughout the consolidation process, it also further supports the potential for continued price increases.
Beyond the chart, the geopolitical context is intensifying. The Israel-Iran conflict continues to escalate, and with the most recent reports of direct U.S. involvement—namely, attacks on Iran’s nuclear infrastructure—the risks to crude oil are increasing. Iran’s potential retaliation creates serious potential for supply disruptions, as any military response or blockade could trigger a sharp price spike.
The combination of technical breakout and geopolitical instability makes this setup particularly strong. If we get a breakout confirmation above the triangle and a clean close above the 77–79 zone, combined with global instability and potential supply shocks, it could bring the 84–85 dollar target within reach in the near term. Additionally, if geopolitical tensions escalate, oil could accelerate to 90 dollars or even 100 dollars.
In summary, this is a high-risk period. If the price confirms a breakout structure, it won’t just be a technical move, but a wave of volume, volatility, and geopolitical narrative.
With all of this, we should closely monitor for volume confirmation, breakout structure, and any major headlines from the Middle East as the situation unfolds.
BTCUSDT – Holding Support, Bullish Signs EmergingBitcoin remains within a descending channel but continues to defend the strong support area around 101,296 USDT — a level that previously triggered a sharp rebound. On the H4 timeframe, price is consolidating sideways, forming an accumulation range. If this support holds, a bounce toward the 105,356 USDT zone is likely.
As of June 19, Binance holds 41% of global BTC trading market share, providing deep liquidity and tight spreads. This market condition favors a potential short-term recovery in BTC.
A breakout above the key resistance zone at 105,000–106,000 USDT could open the door for a broader upside continuation.
EURUSD – Rejected at Lower High, Bearish Bias BuildsEURUSD has printed a clear lower high near the 1.16100 resistance zone, failing to reclaim the previous swing high. Price is now retreating, approaching the dynamic trendline support intersecting with FVG zones around 1.14650. The structure suggests potential for a short-term bounce—but as long as price remains below the 1.15860–1.16100 resistance zone, the broader setup leans bearish.
On the macro side, the ECB’s dovish tilt—hinting at rate cuts due to subdued inflation—has weighed heavily on the euro. Meanwhile, the Fed maintains its hawkish stance, reinforcing dollar strength, especially amid renewed geopolitical tensions that are pushing USD further as a safe haven.
If the ascending trendline fails to hold, we may see an accelerated decline toward the 1.13800 area. Watch for a failed retest of 1.15860 as confirmation for short entries.
Bharat Rasayan–Falling Wedge Breakout with 39% Upside Potential!Hello Everyone, i hope you all will be doing good in your life and your trading as well! Today i have brought a post which is on Bharat Rasayan – a classic case of a falling wedge breakout.
After staying in a falling wedge pattern for nearly 10 months, the stock has finally broken out with a strong bullish candle and a clear volume spike. This breakout zone (9900–10200) also aligns with the downtrend line, making it even more valid.
The best part? This has participated in rally yet, means there is a lot remain in this stock, please check chart above for entry, stop loss and targets.
This setup is based on price action, chart structure, and previous pattern behavior. If you’re a swing or positional trader, this one’s worth watching!
If you liked this idea, don’t forget to LIKE & FOLLOW for more clean, technical setups.
Disclaimer: This idea is for educational purposes only. Do your own research before taking any trade.
XAUUSD – Gold Wobbles, Breakdown Risk IntensifiesGold is currently testing the lower boundary of the ascending channel after pulling back from the 3,398 USD resistance zone. The recent breakdown from a triangle pattern signals growing bearish pressure.
If the price fails to reclaim the 3,397 USD area, a continued move down toward 3,307 USD becomes likely — a level that coincides with key technical support. The latest FOMC minutes reaffirmed a “hawkish” stance, boosting the USD and adding downside pressure on gold.
The bearish outlook will strengthen if gold fails to hold the current support zone.
XAUUSD – Will Gold Break Free from the Downtrend?XAUUSD – Goldman Sachs Issues a Storm Warning: Will Gold Break Free from the Downtrend?
As gold continues to trade in a narrow range for the sixth week, one major catalyst could be on the horizon — Goldman Sachs has issued a bold warning about the US debt crisis. Indian traders, this may be the signal we’ve been waiting for…
🌐 MACRO OUTLOOK – US DEBT SET TO BREAK WWII RECORDS
US public debt is approaching historic highs, with interest payments projected to exceed $1 trillion in 2025 — surpassing even defense and healthcare spending.
Goldman warns that if urgent action isn’t taken, the US may face aggressive fiscal tightening, which could shrink GDP without lowering the debt-to-GDP ratio.
Root causes: overspending, rising interest rates, and deep political division.
📌 For Indian investors, such instability in the US economy tends to weaken the USD and increase demand for gold, which has always been a trusted asset in Indian households and institutional portfolios alike.
📉 TECHNICAL OUTLOOK (Updated – M30/H1)
Gold remains within a strong descending channel, and price action is currently showing signs of a bearish continuation setup.
The zone at 3,338.422 is acting as a mid-pivot. A pullback to the upper trendline (around 3,368.048) is expected before the next leg lower.
EMA ribbons are stacked downward, confirming short-term bearish momentum.
If the bounce toward 3,368 fails to break out, we expect price to revisit the FVG zone near 3,325.783, and possibly extend toward 3,309.256.
✅ TRADING PLAN (Unchanged Zones)
🟢 BUY ZONE: 3310 – 3308
SL: 3303
TP: 3314 → 3318 → 3322 → 3326 → 3330 → 3340 → 3350 → 3360 → ???
🟢 BUY SCALP: 3325 – 3323
SL: 3318
TP: 3330 → 3334 → 3338 → 3342 → 3346 → 3350 → 3360 → 3370 → ???
🔴 SELL ZONE: 3418 – 3420
SL: 3424
TP: 3414 → 3410 → 3405 → 3400 → 3396 → 3390 → 3385 → 3380
🔻 SELL SCALP: 3396 – 3398
SL: 3403
TP: 3392 → 3388 → 3384 → 3380 → 3375 → 3370
💬 FINAL THOUGHTS FOR INDIAN TRADERS
As we close the trading week, market liquidity may spike suddenly after Thursday’s US bank holiday. This could trigger a decisive move — either a breakout or a trap.
✅ Stick to your SL/TP, avoid emotional trading, and let the market confirm the direction.
Gold remains structurally bearish, but any shift in global sentiment — especially driven by US debt concerns — could flip the script fast.
Watch. Plan. Execute. Let the market come to you.
GBPUSD – Breakout Confirmed, Downtrend Targeting 1.33170GBPUSD continues to display a clear bearish structure on the 4H timeframe after breaking below a key horizontal support and the pink trendline. The pair is now attempting a retest of the resistance zone near 1.34600, which aligns with the previous support-turned-resistance and a nearby supply area. If price gets rejected here with weak bullish momentum, a strong downward continuation is likely, with the next target around 1.33170 – a zone marked by a long-term diagonal support and previous swing lows.
On the news front, the British pound is under pressure after the Bank of England (BoE) disappointed markets by holding interest rates steady at 4.25%. Meanwhile, the Federal Reserve maintains its “hawkish” stance, boosting USD strength and increasing downward pressure on GBPUSD.
EURUSD – Weakening Trend, Risk of Deeper CorrectionThe EURUSD pair is gradually losing its bullish momentum after failing to hold above the 1.1510 level, forming a series of lower highs. The recent decline is dragging the price back toward the long-term ascending trendline. If buyers fail to defend the support area around 1.1380 — a confluence of the trendline and the most recent swing low — the previous uptrend structure could be invalidated.
On the news front, the euro is under pressure following cautious remarks from the ECB, while recent PMI and inflation data from the Eurozone suggest slowing economic growth. Meanwhile, the Federal Reserve in the US maintains a hawkish stance, reinforcing USD strength and applying double pressure on EURUSD.
BIRLA CABLEBIRLA CABLE has tapped at the OB after making an impulsive move.
It's been consistently making HH-HL formation.
Reversal from here may give a good upside move.
✅ If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
MAXHEALTH - DTFMAXHEALTH is looking good.
It was facing resistance near 1180-1190 from last couple of months, and now gave Breakout of previous ATH too. Moving above 20-50ema.
From here there is probability of an upside move.
✅ If you like my analysis, please follow me as a token of appreciation :)
in.tradingview.com/u/SatpalS/
📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
GOLD GEARS UP FOR THE NEXT MOVE? All Eyes on Middle East & FedXAUUSD – GOLD GEARS UP FOR THE NEXT MOVE? All Eyes on Middle East & Fed
🌐 MACRO VIEW – WHAT'S MOVING GOLD?
🔺 Fed stays on hold, but Powell remains hawkish – His recent speech signals that inflation may persist due to ongoing geopolitical risks and rising commodity costs...
🔥 Middle East tensions could be the game-changer for gold prices:
If the US steps in as a mediator to de-escalate tensions between Israel and Iran, gold could see a deeper correction toward the 3,357–3,345 support zone, possibly lower...
On the other hand, Trump’s reported alignment with Israel and possible airstrikes on Iran would likely send gold soaring back to 3,417–3,440 levels, acting as a safe haven trigger.
📉 TECHNICAL SETUP (M30)
Gold is moving inside a descending channel, compressing within key EMAs (13–34–89–200).
A potential inverse head & shoulders pattern is forming at the bottom, signaling possible bullish breakout if confirmed.
Support remains firm around 3,345–3,357, while price struggles to break above the upper trendline.
✅ TRADING PLAN
🔵 BUY ZONE: 3,345 – 3,357
Entry: Look for bullish rejection and confirmation
SL: Below 3,342
TP: 3,373 → 3,384 → 3,403 → 3,417 → 3,440
🔴 SELL ZONE: 3,417 – 3,440
Entry: Wait for rejection and bearish confirmation near resistance
SL: Above 3,445
TP: 3,403 → 3,384 → 3,373 → 3,357
💬 FINAL THOUGHTS FOR INDIAN TRADERS
Even though the broader trend remains bullish, gold is not yet ready for a breakout – consolidation continues. Smart traders should stay patient, watch for clean setups, and manage risk well. Keep an eye on political developments, especially involving Iran, Israel, and the US, as they could trigger sharp moves in gold.
Trade smart. Let the market come to you.
Symmetrical Triangle pattern in Torrent Pharma Symmetrical Triangle Breakout Setup
Torrent Pharmaceuticals Ltd (TORNTPHARM)
Breakout Level: ₹3,300
Stop Loss: ₹3,150 (below triangle support)
Target: ₹4,000 (based on height of triangle)
Risk:Reward: ~2.8:1
✅ Technical Confirmation:
RSI near 52 — momentum shifting bullish above 55.
MACD positive crossover, rising histogram — trend strength improving.
Volume: Awaiting breakout candle with above-average volume for confirmation.
EFI (Elder Force Index) turning positive — signals potential surge in buying force.
📌 Strategy Insight:
A breakout above ₹3,300, backed by volume and momentum, could lead to a sharp trend continuation toward ₹4,000. The symmetrical triangle represents consolidation after trend — a potential bullish continuation pattern.
US30 JUNE 18Price looking fine like lemon lime in the summertime. I am just going to follow the trendlines today. I'm either going to wait for a bounce to sell or buy or a break and retest through the trendline. And my take profit will just be the next key area.
I hope this helps. LMK is you don't understand.
Stay safe and have fun
XAUUSD – Gold rebounds hard, a breakout rally may be brewing!After a perfect touch of the trendline at 3,367 USD, gold has sharply bounced back within a solid bullish structure. Notably, the latest low is significantly higher than previous pullbacks — a clear sign that buyers are still in control. The short-term target? None other than the 3,479 USD resistance — a key level that has rejected price twice before.
If this barrier is broken, gold could quickly surge toward 3,520 USD.
On the news front, expectations that the Fed may pause rate hikes due to weakening U.S. consumer data are cooling the dollar, giving gold room to rally. At the same time, simmering geopolitical tensions are fueling demand for safe-haven assets. With both technicals and sentiment aligning, this could be gold’s golden moment to catch the market off guard!
Gold Consolidates Ahead of Fed: Buy Signal or Bull Trap?🟡 XAUUSD 18/06 – Gold Consolidates Ahead of Fed: Buy Signal or Bull Trap?
🌐 MACRO & SENTIMENT OVERVIEW
The US Dollar Index (DXY) gained 0.7% to start the week, as markets anticipate the Fed may keep rates higher for longer due to rising oil prices and global geopolitical uncertainty.
However, with the upcoming FOMC meeting and US retail sales data, there is a strong potential for a shift in tone if growth shows signs of weakness.
Geopolitical tensions – particularly in the Middle East (Israel–Iran conflict) – continue to support gold’s defensive appeal, even as short-term profit-taking creates volatility.
📊 TECHNICAL OUTLOOK – M30 Chart
Gold is currently trading inside a descending channel, but price structure remains above EMA 13–34–89, keeping the potential for a bullish reversal alive.
Liquidity has been absorbed multiple times near 3,345, aligning with dynamic support from trendline and horizontal structure → a key decision zone for bulls.
On the upside, resistance between 3,440 – 3,445 remains a critical distribution zone, likely to trigger sell reactions if price fails to break convincingly.
🎯 TRADE SETUPS
🔵 BUY ZONE: 3345 – 3343
SL: 3339
TP: 3350 – 3354 – 3358 – 3362 – 3366 – 3370 – 3380 – 3400 – ???
📌 This zone overlaps with trendline and recent demand areas. Watch for bullish price action confirmation (e.g., engulfing, pin bar) before entering. If confirmed, we expect a strong bounce targeting the upper channel and beyond.
🔴 SELL ZONE: 3442 – 3444
SL: 3448
TP: 3438 – 3434 – 3430 – 3425 – 3420 – 3410 – 3400
📌 This is a strong supply area that has rejected price multiple times. Look for reversal signals like bearish divergence or rejection wicks to consider short entries.
✅ SUMMARY
Gold is caught in a critical reaccumulation zone ahead of the FOMC statement. Patience is key: allow the market to react at liquidity zones and follow price behavior instead of chasing moves.
Stick to your zones – protect your capital – and let the setups come to you.
XAUUSD – Strong bullish momentum, but key resistance remainsGold on the H4 chart is maintaining a steady uptrend, consistently forming higher lows while respecting the ascending trendline and both key EMAs (EMA34 & EMA89). After a brief pullback, price is now approaching a major resistance zone around 3,441 USD — a level that previously rejected bullish attempts.
The market structure suggests two possible scenarios:
If price breaks above 3,441 USD with strong buying pressure, the uptrend will be confirmed and could extend toward higher levels.
Conversely, if rejected again, price may retreat toward the support zone at 3,347–3,356 USD for accumulation before resuming the upward move.
On the fundamental side, expectations of a Fed rate cut—driven by significantly weaker U.S. retail sales—are pressuring the USD, which in turn supports gold prices in the short term.
BIRLACABLE - Cup & Handle Breakout | Daily Chart📊 BIRLA CABLE LTD (BIRLACABLE) – Cup & Handle Breakout with Fibonacci Targets | RSI Overbought | Volume Spike | Daily Chart
📅 Chart Date: June 18, 2025
📈 CMP: ₹208.05 (+14.11%)
📍 Ticker: NSE:BIRLACABLE
🔍 Technical Chart Breakdown
☕ Cup & Handle Pattern Breakout
BIRLACABLE has confirmed a Cup & Handle breakout above the neckline at ₹197.88 (also 38.2% Fibonacci retracement level), suggesting bullish continuation after a long consolidation. The breakout is clean with a wide bullish candle.
📐 Fibonacci Retracement Levels (from swing high ₹315.10 to swing low ₹125.41)
38.2% (Breakout Zone): ₹197.88 ✅
50.0%: ₹220.26
61.8%: ₹242.64
78.6%: ₹274.50
Target: 100% Fibonacci: ₹315+
💹 RSI & Momentum
RSI at 73.75, entering overbought territory 🔼
Multiple RSI bullish crossovers visible during base formation
RSI suggests strong buying momentum, ideal for trend continuation
📉 Trendline Breakout
Downtrend resistance (dotted line) broken along with horizontal neckline
Aligns with volume-based breakout, confirming strength
🕯️ Volume Confirmation
Huge spike in volume (4.44M) on breakout day — highest in months
Suggests institutional or smart money activity
📍 Key Price Levels
✅ Breakout Level: ₹197.88
🚀 Fibonacci Targets:
₹220.26 → 50%
₹242.64 → 61.8%
₹274.50 → 78.6%
₹315+ → 100% (Full target)
🛡️ Support Levels:
₹197 (neckline support)
₹170.18 (23.6% Fib)
₹150 (handle base)
💡 Trading Idea
Entry: Close above ₹198 or on retest of neckline
Stop Loss: Below ₹185 or ₹170
Targets: ₹220 → ₹243 → ₹275 → ₹315
Risk-Reward: Favorable with strong confirmation