#Schaeffler India - Technical Analysis Report
Current Price: 4,141.10 / Prev ATH @4951.
Trade Setup Overview
Basic Dow Theory : Stock is making Higher High - Higher Low by Breaking previous ATH decisively and stock is down to strong Demand Zone for retracement.
Stock is in consolidation before breaking previous ATH & currently forming Flag & Pole Pattern.
Entry on breakout above resistance 4,200-4,300
Conservative Stop Loss at 3,800 | Tight SL near 4,000
Tgt 1: 4,602
Tgt 2: 4,776
Tgt 3: 5,026
Grand Flag & Pole Target: 5,495.
Technical Highlights:
- Trend Reversal confirmed by breaking previous High on May 2025 around 2,800
- Price consolidating after strong recovery rally
- Trading above key moving averages
- Breakout above 4,300 resistance could trigger momentum toward 4,600 / 5495
Risk-Reward:
Favorable R:R with potential 11-33% upside vs 3-8% downside to stop loss levels.
Current Price: 4,141.10 / Prev ATH @4951.
Trade Setup Overview
Basic Dow Theory : Stock is making Higher High - Higher Low by Breaking previous ATH decisively and stock is down to strong Demand Zone for retracement.
Stock is in consolidation before breaking previous ATH & currently forming Flag & Pole Pattern.
Entry on breakout above resistance 4,200-4,300
Conservative Stop Loss at 3,800 | Tight SL near 4,000
Tgt 1: 4,602
Tgt 2: 4,776
Tgt 3: 5,026
Grand Flag & Pole Target: 5,495.
Technical Highlights:
- Trend Reversal confirmed by breaking previous High on May 2025 around 2,800
- Price consolidating after strong recovery rally
- Trading above key moving averages
- Breakout above 4,300 resistance could trigger momentum toward 4,600 / 5495
Risk-Reward:
Favorable R:R with potential 11-33% upside vs 3-8% downside to stop loss levels.
Order cancelled
Breakout Failure. Set up invalid. No Trade not active. Trend is Still up as the Stock didnt make Lower low yet. Reentry can be made near conservative SL based on price action.
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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.