Billionbrains Garage Ventures Ltd. (75 Min) – Range Breakout
After a sharp correction from the ₹220+ zone, the stock appears to have formed a Wyckoff-style accumulation base between ₹178 and ₹184. Price has spent several sessions absorbing supply within this demand zone and is now testing the immediate resistance area around ₹192–194.The recent move suggests a possible Sign of Strength (SOS), with buyers gradually gaining control. A decisive close above the resistance band could trigger a fresh markup phase toward the highlighted target zone.
Technical Observations:
🔹 Demand Zone: ₹178–184
🔹 Resistance / Range High: ₹192–194
🔹 Potential Re-Accumulation Structure
🔹 Higher Lows visible after the selling climax
🔹 Volume expansion near the breakout attempt
Trading Plan:
✅ Bullish above ₹194 on closing basis
🎯 Target Zone: ₹204–208
🛑 Stop Loss: Below ₹184
As long as the stock sustains above the demand zone, the probability favors an upside resolution. Watch for volume confirmation on the breakout.
Disclaimer: Charts shared are for educational purposes only and should not be considered investment advice. Manage risk appropriately before taking any trade.
Technical Observations:
🔹 Demand Zone: ₹178–184
🔹 Resistance / Range High: ₹192–194
🔹 Potential Re-Accumulation Structure
🔹 Higher Lows visible after the selling climax
🔹 Volume expansion near the breakout attempt
Trading Plan:
✅ Bullish above ₹194 on closing basis
🎯 Target Zone: ₹204–208
🛑 Stop Loss: Below ₹184
As long as the stock sustains above the demand zone, the probability favors an upside resolution. Watch for volume confirmation on the breakout.
Disclaimer: Charts shared are for educational purposes only and should not be considered investment advice. Manage risk appropriately before taking any trade.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.