📊 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.