BUY ABOVE: ₹41.00
SL: ₹32.50
T1: ₹48.50
T2: ₹58.50
T3: ₹70.50
T4: ₹85.50
Analysis:
The monthly chart shows a falling-channel breakout/reversal structure. Price has bounced from the ₹18–22 demand zone, broken above the descending channel, and is now trading around ₹40. The moving averages are also curling upward, supporting the reversal structure.
🟢 Entry: ₹40.50–41.00
🛑 SL: ₹32.50
🎯 Targets: ₹48.50 → ₹58.50 → ₹70.50 → ₹85.50 --> 100++
Key confirmation: A sustained monthly close above ₹41–42 would strengthen the breakout thesis.
Invalidation: Monthly acceptance back below the breakout area, particularly toward ₹32.50, weakens the setup.
⚠️ Important: This is a monthly-chart setup, so these targets are potentially multi-month/long-term levels—not an intraday trade. Position size should be kept appropriate for the wide ₹8.50 stop.
SL: ₹32.50
T1: ₹48.50
T2: ₹58.50
T3: ₹70.50
T4: ₹85.50
Analysis:
The monthly chart shows a falling-channel breakout/reversal structure. Price has bounced from the ₹18–22 demand zone, broken above the descending channel, and is now trading around ₹40. The moving averages are also curling upward, supporting the reversal structure.
🟢 Entry: ₹40.50–41.00
🛑 SL: ₹32.50
🎯 Targets: ₹48.50 → ₹58.50 → ₹70.50 → ₹85.50 --> 100++
Key confirmation: A sustained monthly close above ₹41–42 would strengthen the breakout thesis.
Invalidation: Monthly acceptance back below the breakout area, particularly toward ₹32.50, weakens the setup.
⚠️ Important: This is a monthly-chart setup, so these targets are potentially multi-month/long-term levels—not an intraday trade. Position size should be kept appropriate for the wide ₹8.50 stop.
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.