Shriram Pistons is testing a major resistance zone around ₹4,785 after a strong uptrend and a period of consolidation near the highs.
📈 Price is approaching the previous high with volume above the recent average, making this an interesting breakout setup.
Buy above ₹4,785 with a sustained breakout and volume confirmation.
🎯 Targets: ₹4,900 → ₹5,050 → ₹5,200
🛑 SL: ₹4,650
A breakout followed by a successful retest of ₹4,750–₹4,785 could offer a better risk-defined entry.
Key trigger: ₹4,785 breakout + volume confirmation.
Avoid chasing if price gets rejected at resistance and falls back into the consolidation range.
📈 Price is approaching the previous high with volume above the recent average, making this an interesting breakout setup.
Buy above ₹4,785 with a sustained breakout and volume confirmation.
🎯 Targets: ₹4,900 → ₹5,050 → ₹5,200
🛑 SL: ₹4,650
A breakout followed by a successful retest of ₹4,750–₹4,785 could offer a better risk-defined entry.
Key trigger: ₹4,785 breakout + volume confirmation.
Avoid chasing if price gets rejected at resistance and falls back into the consolidation range.
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.