🔍 Key Observations
1. Breakout & Retest
Price gave a decisive breakout above ₹800 resistance with strong bullish candles and volume expansion.
The highlighted purple zone has now flipped into support (polarity change).
Recent candles show a successful retest of this zone → bullish confirmation.
2. Trend Structure
Formation of higher highs and higher lows after consolidation.
Strong impulsive rally toward ₹1000 zone, followed by mild pullback.
Current price holding above breakout zone signals trend continuation potential.
3. Momentum (RSI)
RSI ~63 → comfortably in bullish zone.
Not overbought → room for upside continuation.
4. Volume
Breakout supported by above-average volume, indicating institutional participation.
Declining volume during pullback → suggests healthy consolidation, not distribution.
🎯 Key Levels
✅ Support Zones
₹800 – ₹820 → Major demand (critical level)
Below this → structure weakens
🚀 Resistance
₹1000 – ₹1050 → Immediate supply zone
₹1150+ → If momentum sustains
📈 Trade Setup (Positional)
Bias: Bullish above ₹820
Entry: On dips near ₹850–₹900 OR breakout above ₹1000 with volume
Stop-loss: Below ₹790 (weekly closing basis)
Targets: ₹1050 / ₹1150 / ₹1200+
⚠️ Risk Factors
Failure to hold ₹800 could lead to deeper retracement toward ₹700
Watch for volume dry-up near highs → sign of exhaustion
1. Breakout & Retest
Price gave a decisive breakout above ₹800 resistance with strong bullish candles and volume expansion.
The highlighted purple zone has now flipped into support (polarity change).
Recent candles show a successful retest of this zone → bullish confirmation.
2. Trend Structure
Formation of higher highs and higher lows after consolidation.
Strong impulsive rally toward ₹1000 zone, followed by mild pullback.
Current price holding above breakout zone signals trend continuation potential.
3. Momentum (RSI)
RSI ~63 → comfortably in bullish zone.
Not overbought → room for upside continuation.
4. Volume
Breakout supported by above-average volume, indicating institutional participation.
Declining volume during pullback → suggests healthy consolidation, not distribution.
🎯 Key Levels
✅ Support Zones
₹800 – ₹820 → Major demand (critical level)
Below this → structure weakens
🚀 Resistance
₹1000 – ₹1050 → Immediate supply zone
₹1150+ → If momentum sustains
📈 Trade Setup (Positional)
Bias: Bullish above ₹820
Entry: On dips near ₹850–₹900 OR breakout above ₹1000 with volume
Stop-loss: Below ₹790 (weekly closing basis)
Targets: ₹1050 / ₹1150 / ₹1200+
⚠️ Risk Factors
Failure to hold ₹800 could lead to deeper retracement toward ₹700
Watch for volume dry-up near highs → sign of exhaustion
Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.