DEEPAKNTR (NSE)Timeframe: Weekly Setup: Stan Weinstein Stage 1 Base Breakout / Wyckoff Accumulation Key Technical Observations: Inverse Head & Shoulders / Phase C Spring: Left Shoulder: Established near ₹1,550.Head (Spring): Deep shakeout down to ₹1,280.00, absorbing final retail panic. Right Shoulder (LPS): Well-supported above ₹1,600, respecting the rising moving average ribbon. Stage Analysis Alignment :The 30-week SMA (₹1,635 zone) has officially turned upward. Price is sustaining above key moving averages, confirming the transition from Stage 1 (Accumulation) to early Stage 2 (Markup).Contraction at the Neckline: Weekly candles show clear volatility contraction directly underneath the major horizontal neckline resistance at ₹1,862 – ₹1,900.The consolidation is taking place on declining volume, signaling supply dry-up. Relative Strength: The 26-week RS line has crossed firmly into green/positive territory, validating sector outperformance. Execution Plan: Trigger: Decisive weekly close above ₹1,865 – ₹1,900 on above-average volume ($>1.5\times$ 20-week average).Support / Stop-Loss Anchor: ₹1,630 (Below Right Shoulder / 30-week SMA).Technical Targets: ₹2,100 | ₹2,350+Disclaimer: For educational purposes only. Maintain strict position sizing and trade management.
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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.