📲 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.
Trade geschlossen: Ziel wurde erreicht
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.