Azad Engineering is currently trading inside a broad consolidation range, with:
Strong resistance zone near ₹1800–₹1850
Well-defined support around ₹1600–₹1650
A rising trendline indicating higher lows formation
Recently, price attempted a breakout and is now retesting the breakout zone, forming a tight consolidation (mini triangle).
This suggests potential continuation if support holds.
Key Levels
Resistance Zone: ₹1800 – ₹1850
Retest Zone: ₹1600 – ₹1650
Current Price: ~₹1740
Target 1: ₹2100
Long-Term Target: ₹2500+
Stop Loss: ₹1580
Trade Setup
Strategy: Breakout + Retest Confirmation
✅ Entry: On bounce from ₹1600–₹1650 OR breakout above ₹1800
🎯 Target 1: ₹2100
🎯 LT Target: ₹2500+
🛑 SL: ₹1580
Strong resistance zone near ₹1800–₹1850
Well-defined support around ₹1600–₹1650
A rising trendline indicating higher lows formation
Recently, price attempted a breakout and is now retesting the breakout zone, forming a tight consolidation (mini triangle).
This suggests potential continuation if support holds.
Key Levels
Resistance Zone: ₹1800 – ₹1850
Retest Zone: ₹1600 – ₹1650
Current Price: ~₹1740
Target 1: ₹2100
Long-Term Target: ₹2500+
Stop Loss: ₹1580
Trade Setup
Strategy: Breakout + Retest Confirmation
✅ Entry: On bounce from ₹1600–₹1650 OR breakout above ₹1800
🎯 Target 1: ₹2100
🎯 LT Target: ₹2500+
🛑 SL: ₹1580
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.