Setup: Base formation after a prolonged downtrend
Trigger: Sustained move above ₹291
Volume / RSI: Volume expanding, RSI ~70, OBV trending higher
-Stoploss: ₹265
-Targets: ₹334 → ₹375
-Bias: Early reversal candidate; acceptable risk–reward near breakout
Trigger: Sustained move above ₹291
Volume / RSI: Volume expanding, RSI ~70, OBV trending higher
-Stoploss: ₹265
-Targets: ₹334 → ₹375
-Bias: Early reversal candidate; acceptable risk–reward near breakout
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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.