📲 WHEELS INDIA – Turnaround Setup 🔄
Stock is showing early signs of a structural turnaround from downside.
📌 Trade / Swing Plan
• CMP: ₹869
• SL: ₹690
• Targets: ₹939 → ₹1015 → ₹1173
📍 Key Technical Logic
• ₹939 = 61.8% Fibonacci resistance
• Weekly close above ₹939 will confirm upside momentum
• Historically, stocks breaking 61.8% during turnaround often move towards new highs
• Risk–reward currently favourable
🧠 Approach:
This is a patience-based turnaround swing, not a momentum chase. Position sizing is key.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
Stock is showing early signs of a structural turnaround from downside.
📌 Trade / Swing Plan
• CMP: ₹869
• SL: ₹690
• Targets: ₹939 → ₹1015 → ₹1173
📍 Key Technical Logic
• ₹939 = 61.8% Fibonacci resistance
• Weekly close above ₹939 will confirm upside momentum
• Historically, stocks breaking 61.8% during turnaround often move towards new highs
• Risk–reward currently favourable
🧠 Approach:
This is a patience-based turnaround swing, not a momentum chase. Position sizing is key.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
أغلقت الصفقة: تم الوصول للهدف
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.