Bullish Signal with Volume Breakout!📈 TECHNO ELECTRIC – Bullish Signal with 10-Day Volume Breakout!
🕒 Date: May 14, 2025 | 📊 Chart: Daily (1D)
📊 Price Action
Today, Techno Electric surged nearly +6.83%, supported by a sharp rise in volume – marking a 10-Day Volume Breakout. This price action is catching attention, especially with multiple bullish confirmations!
📊 Chart Pattern
A strong bullish candle, often referred to as a Marubozu type, signals the market’s upward momentum, especially when accompanied by a breakout in the Relative Strength Index (RSI), which indicates fresh upward strength. This combined with a Bollinger Band breakout marks the end of a consolidation phase and a transition to a more volatile, bullish trend. On top of that, a bullish VWAP confirms that intraday buyers are in control, further adding confidence to the bullish outlook. The "Buy Today, Sell Tomorrow" signal provides a clear intraday trading setup. When the BBSqueeze (Bollinger Band Squeeze) is on-compression, it suggests that a breakout is likely to follow after the market has been trading in a tight range. Lastly, the good follow-up on recent price action ensures that the strength behind the move is consistent, reinforcing the validity of the bullish signal for potential trades.
📊 Support and Resistance Analysis
The current market price (CMP) of the stock is 1,193.70. The resistance levels are marked as follows: Resistance 1 at 1,222.53 (🟥), Resistance 2 at 1,251.37 (🟥), and Resistance 3 at 1,304.73 (🟥). These levels indicate areas where the price might face resistance. On the other hand, the support levels are marked as Support 1 at 1,140.33 (🟩), Support 2 at 1,086.97 (🟩), and Support 3 at 1,058.13 (🟩), highlighting potential areas where the stock might find buying interest. Additionally, there is a Major Support Zone between 850 and 900 (🟩), which has been marked based on past accumulation and can serve as a strong base if the price revisits this region. These levels are essential for traders to track in order to make informed decisions on potential market movements.
📘Educational Insights
How Traders Can Trade This Setup:
For traders looking to enter a trade, the ideal entry zone is around 1,180–1,200. Key target zones to watch are 1,222, 1,251, and 1,304. Set the stop loss below 1,140 to protect your capital. With a bullish chart structure and strong volume backing the breakout, there's good potential for continued upward movement. However, the first resistance at 1,222 should be monitored, and partial profits can be taken at resistance levels. Always risk only a small portion of your capital and let the chart guide your decisions.
⚠️ Risk Management
For traders, especially beginners, it’s important to start with smaller quantities to manage risk. Always align with the market trend, and most importantly, never forget to use a stop loss to protect your capital from unforeseen moves. Trading should be done with discipline to ensure long-term success.
📢 Disclaimer
This content is created purely for educational and informational purposes. It is not intended as investment advice, stock recommendations, or trading tips. Trading and investing in the stock market involves risk. Please consult with a SEBI-registered financial advisor before making any investment decisions. The author/creator is not registered with SEBI and shall not be held responsible for any losses incurred based on this information. Always do your own research and use proper risk management.
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