🚀 QUADFUTURE (Weekly Chart): Bullish Momentum — Waiting for Retest/Pull-back Entry
Trade Thesis:
Following a sharp consolidation phase,
QUADFUTURE has displayed a decisive bullish reversal, honoring its long-term ascending trendline. The stock locked in a 20% upper circuit backed by exceptional institutional volume (7.50M vs 30D average of ~558K). To avoid chasing fixed circuit limits, the strategy relies strictly on a pull-back or breakout consolidation entry.
Technical Parameters
Current Market Price: ₹405.35 (Upper Circuit)
Retest / Dynamic Support Zone: ₹360.00 – ₹375.00 (Ascending Trendline Alignment)
Strong Structural Base: ₹334.00 (Recent Swing Low)
Invalidation / Stop-Loss: Below ₹355.00 (On a Daily Closing Basis)
Upside Resistance & Targets:
Target 1: ₹443.00 (Prior Swing High)
Target 2: ₹481.50 – ₹501.75 (Major Supply Zone & 52-Week High Range)
Execution Strategy (No Direct Entry)
Wait for Retest: Avoid buying directly at circuit levels where execution risk is high. Look for limit entries on a mild pull-back toward the ₹380.00 – ₹390.00 zone.
Alternate Entry: Enter after a multi-day tight consolidation above ₹405 on sustainable volume, validating the continuation.
Risk/Reward Profile: Favorable R:R when entered near the trendline support with a disciplined stop below ₹355.
Trade Thesis:
Following a sharp consolidation phase,
QUADFUTURE has displayed a decisive bullish reversal, honoring its long-term ascending trendline. The stock locked in a 20% upper circuit backed by exceptional institutional volume (7.50M vs 30D average of ~558K). To avoid chasing fixed circuit limits, the strategy relies strictly on a pull-back or breakout consolidation entry.Technical Parameters
Current Market Price: ₹405.35 (Upper Circuit)
Retest / Dynamic Support Zone: ₹360.00 – ₹375.00 (Ascending Trendline Alignment)
Strong Structural Base: ₹334.00 (Recent Swing Low)
Invalidation / Stop-Loss: Below ₹355.00 (On a Daily Closing Basis)
Upside Resistance & Targets:
Target 1: ₹443.00 (Prior Swing High)
Target 2: ₹481.50 – ₹501.75 (Major Supply Zone & 52-Week High Range)
Execution Strategy (No Direct Entry)
Wait for Retest: Avoid buying directly at circuit levels where execution risk is high. Look for limit entries on a mild pull-back toward the ₹380.00 – ₹390.00 zone.
Alternate Entry: Enter after a multi-day tight consolidation above ₹405 on sustainable volume, validating the continuation.
Risk/Reward Profile: Favorable R:R when entered near the trendline support with a disciplined stop below ₹355.
Trade active
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.