LODHA Lodha Developers Ltd. (Macrotech Developers) is establishing a major consolidation and trendline breakout setup on the weekly chart following a prolonged correction from its peak at ₹1,650.00. The stock is forming a multi-month **Trend-Line Breakout** pattern along a descending channel band. Currently trading at ₹1,058.70 (-0.57%), price is coiling right below the Support / Retest Level shelf (₹1,000.00 – ₹1,050.00) and the primary trigger point at Entry: Above 1100... The chart plan also highlights a contingency value zone: "if Falls below 960, Buy/Invest at the FVG zone."
🔹 PATTERN: TREND-LINE BREAKOUT & FVG VALUE ZONE
• Pattern Structure: Multi-touch descending Trend-Line Breakout framed by three parallel diagonal trendlines extending from the ₹1,650.00 high.
• Support / Retest Level Zone: A prominent green horizontal demand shelf between ₹1,000.00 and ₹1,050.00.
• Lower Fair Value Gap (FVG) Zone: A highlighted green horizontal demand box at ₹720.00 – ₹800.00 above the 52-week low at ₹650.80.
• Primary Breakout Trigger: Weekly candle close above Entry: Above 1100..
🟢 UPSIDE SCENARIO – BULLISH BREAKOUT
• Primary Entry Level (BUY Entry): ₹1,100.00 (Entry: Above 1100)
• Confirmation Required: Weekly candle close above ₹1,100.00
• TARGET 1: ₹1,300.00 (+18.18% move from ₹1,100.00 BUY entry)
• TARGET 2 / Intermediate Resistance: ₹1,450.00 (+31.82% move from BUY entry)
• Swing Trade Target: ₹1,590.00 (+44.55% move from BUY entry)
• Extended Peak High: ₹1,650.00 (+50.00% move from BUY entry)
🔴 DOWNSIDE SCENARIO – BEARISH BREAKDOWN
• Weakening Level: Rejection near ₹1,100.00 followed by a drop below ₹1,000.00
• Contingency Breakdown Level: Weekly close below ₹960.00
• Important Support Levels: ₹1,050.00, ₹1,000.00 (Support/Retest Level), ₹960.00, ₹750.00 – ₹800.00 (FVG Zone), and ₹650.80 (Major Base Low)
• Invalidation / Stop Loss (SL): Weekly candle close below ₹960.00 (-12.73% SL from ₹1,100.00 BUY entry).
🔹 MY BREAKOUT & EXIT RULE
If price crosses above a key resistance level (such as ₹1,100.00, ₹1,300.00, or ₹1,450.00) and makes a High above that level, but closes below that same level, I consider it a failed breakout/rejection and the BUYER NEEDS TO EXIT THE TRADE.
High above level + Close below level = Failed breakout → EXIT BUY TRADE.
🎯 MY TRADE ROADMAP
Bullish Breakout Path:
₹1,100.00 Entry Above (BUY Entry Trigger)
↓
₹1,300.00 TARGET 1 (+18.18% from BUY Entry)
↓
₹1,450.00 TARGET 2 / Trendline Resistance (+31.82% from BUY Entry)
↓
₹1,590.00 Swing Trade Target (+44.55% from BUY Entry)
↓
₹1,650.00 All-Time High (+50.00% from BUY Entry)
Alternative FVG Value Path:
Rejection near ₹1,100.00 & Fall below ₹960.00
↓
Drift down toward ₹720.00 – ₹800.00 FVG Zone
↓
Institutional Buy/Invest Zone Reversal
🔑 MY VIEW
The preferred technical setup is bullish, anticipating a confirmed weekly candle close above the ₹1,100.00 trigger to validate the Trend-Line Breakout. The hold above the ₹1,000.00 – ₹1,050.00 support shelf indicates initial structural accumulation.
The bullish expansion momentum activates once price trades and closes above ₹1,100.00 (BUY Entry), opening the path toward ₹1,300.00 (+18.18% from BUY Entry), ₹1,450.00 (+31.82%), and the Swing Trade Target at ₹1,590.00 (+44.55% from BUY Entry). If price gets rejected and falls below ₹960.00, look for a deep value accumulation inside the lower FVG Zone (₹720.00 – ₹800.00). A breakout confirmation requires a solid weekly candle close above trigger levels, strictly adhering to the candle-close exit rule if a rejection occurs.
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This is technical analysis based on chart structure, price levels, and visual patterns shown above. It is not financial advice. Market conditions can change and actual price movement may differ from projected levels.
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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.