Breakout: Price has moved decisively above the ₹800 resistance, confirming bullish strength.
Retest: The breakout level was retested successfully, showing strong buyer interest.
Volume Spike: Higher volumes supported the breakout, adding conviction.
Tight Range Breakout: After consolidation, price expanded upward, signaling momentum continuation.
Current Price: ₹874.70
🎯 Upside Targets:
Target 1: ₹900 – psychological round number & immediate extension
Target 2: ₹940 – next resistance zone from prior swing highs
Target 3: ₹1,000 – major psychological milestone & measured breakout projection
🛡️ Stop Loss:
Conservative: Below ₹840 (recent consolidation support)
Aggressive: Below ₹800 (original breakout level, invalidation point)
Retest: The breakout level was retested successfully, showing strong buyer interest.
Volume Spike: Higher volumes supported the breakout, adding conviction.
Tight Range Breakout: After consolidation, price expanded upward, signaling momentum continuation.
Current Price: ₹874.70
🎯 Upside Targets:
Target 1: ₹900 – psychological round number & immediate extension
Target 2: ₹940 – next resistance zone from prior swing highs
Target 3: ₹1,000 – major psychological milestone & measured breakout projection
🛡️ Stop Loss:
Conservative: Below ₹840 (recent consolidation support)
Aggressive: Below ₹800 (original breakout level, invalidation point)
Trade closed: stop reached
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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.