📊 Pre-emptive Reversal – Rounding Bottom Breakout
CMP: 6549
Trigger: Sustained above 6570 (weekly close preferred)
Targets: 6812 / 7314 / 7900 / 8900
SL: 5843 (strict)
🧠 Setup Logic:
Fall: 8940 → 4648 → now rounding bottom formation
Early accumulation phase
Sustaining near 38.2% Fibonacci level
6570 = key trigger + supply zone
👉 Conclusion: Pre-emptive trade (not confirmed breakout)
🎯 Trade Plan:
Entry: Above 6570 (no intraday fake breakout)
Confirmation:
✔ Weekly close above 6570
✔ Better if 2 weekly closes sustain
⚠️ Clarification:
Independent analysis. No part of Religare involved.
📝 Important:
Not responsible for profit/loss. No fees involved.
📉 Disclaimer:
Not SEBI-registered. Do your own research.
CMP: 6549
Trigger: Sustained above 6570 (weekly close preferred)
Targets: 6812 / 7314 / 7900 / 8900
SL: 5843 (strict)
🧠 Setup Logic:
Fall: 8940 → 4648 → now rounding bottom formation
Early accumulation phase
Sustaining near 38.2% Fibonacci level
6570 = key trigger + supply zone
👉 Conclusion: Pre-emptive trade (not confirmed breakout)
🎯 Trade Plan:
Entry: Above 6570 (no intraday fake breakout)
Confirmation:
✔ Weekly close above 6570
✔ Better if 2 weekly closes sustain
⚠️ Clarification:
Independent analysis. No part of Religare involved.
📝 Important:
Not responsible for profit/loss. No fees involved.
📉 Disclaimer:
Not SEBI-registered. Do your own research.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.