Timeframe: Daily
Setup Type: Breakout + Retest + Trend Reversal
🧠 Structure Insight
ABC correction appears completed near ₹38–40
Price has reclaimed ₹52 (0.5 Fib + key level)
Attempting breakout of downward sloping resistance
👉 Signals:
Early stage of trend reversal / new impulsive move
📈 Confluence
Fib reclaim (0.5 level) ✅
Trendline breakout attempt ✅
RSI strength + momentum pickup ✅
Volume expansion on bounce ✅
📌 Trade Setup
🔹 Buy Zone (Preferred): ₹50 – ₹52 (retest area)
🔹 Momentum Entry: Above ₹54
🎯 Targets
₹60-₹66-₹74
⚠️ Stop Loss
👉 ₹47 (below structure + breakout failure)
⚡ Summary
Breakout + Retest setup in play — ₹52 is the pivot
Buy dips, ride momentum — avoid chasing spikes
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Setup Type: Breakout + Retest + Trend Reversal
🧠 Structure Insight
ABC correction appears completed near ₹38–40
Price has reclaimed ₹52 (0.5 Fib + key level)
Attempting breakout of downward sloping resistance
👉 Signals:
Early stage of trend reversal / new impulsive move
📈 Confluence
Fib reclaim (0.5 level) ✅
Trendline breakout attempt ✅
RSI strength + momentum pickup ✅
Volume expansion on bounce ✅
📌 Trade Setup
🔹 Buy Zone (Preferred): ₹50 – ₹52 (retest area)
🔹 Momentum Entry: Above ₹54
🎯 Targets
₹60-₹66-₹74
⚠️ Stop Loss
👉 ₹47 (below structure + breakout failure)
⚡ Summary
Breakout + Retest setup in play — ₹52 is the pivot
Buy dips, ride momentum — avoid chasing spikes
📌 Thanks a ton for checking out my idea! Hope it sparked some value for you.
🙏 Follow for more insights
👍 Boost if you found it helpful
✍️ Drop a comment with your thoughts below!
Trade active
✅ Update: Breakout ConfirmedThe stock has successfully moved above the falling trendline, validating the earlier breakout setup.
📈 Trend reversal gaining traction
✅ ₹52 pivot holding strong
✅ Trendline breakout confirmed
✅ Momentum remains positive
🎯 Targets remain intact: ₹60 → ₹66 → ₹74
Maintain a bullish bias while price sustains above ₹52.
Note
Target 1 Achieved!
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Related publications
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.