The stock had been moving in an upward structure, taking support at higher levels and respecting a rising trendline over the past few sessions. After multiple candles staying close to the trendline resistance zone, the price has now broken above it with a strong bullish candle.
The latest candle closed at approximately ₹1,604.50, suggesting fresh buying momentum in the stock. The breakout indicates that buyers have managed to push the price above the trendline zone, and this level may now act as an important support area if the move sustains.
Right Panel: Trade Setup
The right chart highlights the possible levels for the options breakout trade:
Entry/confirmation: Around ₹65.60
Target: ₹74.50
Stop-loss: ₹56.85
The bullish setup remains valid only if the stock sustains above the breakout zone. A fall back below the trendline may indicate a weak or failed breakout.
The latest candle closed at approximately ₹1,604.50, suggesting fresh buying momentum in the stock. The breakout indicates that buyers have managed to push the price above the trendline zone, and this level may now act as an important support area if the move sustains.
Right Panel: Trade Setup
The right chart highlights the possible levels for the options breakout trade:
Entry/confirmation: Around ₹65.60
Target: ₹74.50
Stop-loss: ₹56.85
The bullish setup remains valid only if the stock sustains above the breakout zone. A fall back below the trendline may indicate a weak or failed breakout.
Get BTST Toolkit:
Contact below to get access ⬇️
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⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
⭐ US stocks
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
⭐ US stocks
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.
Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
⭐ US stocks
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
⭐ US stocks
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.