Technical Analysis & Setup
Symbol: RACLGEAR (RACL Geartech Ltd.) — Daily Timeframe (NSE)
Current Price: ₹1,803.20 (-1.54% intraday move)
Market Structure: Following a multi-month accumulation range above the structural low of ₹921.80, the stock formed a strong series of higher highs and higher lows, breaking out through resistance near the ₹1,800.00 region with expanding bullish candles.
Key Technical Trade Levels
Entry Zone: ~₹1,801.70 – ₹1,804.90 (Breakout continuation level)
Stop Loss (SL): ₹1,538.80 (Defined risk level below the recent consolidation base support)
Immediate High: ₹1,856.00
Intermediate Target 1: ₹2,204.20 (Horizontal projection level)
Macro Horizon Target: ₹2,349.50 (Upper green target zone)
Structural Base Low: ₹921.80
Trade Bias & Summary
The stock displays a strong bullish trend structure exiting a multi-month accumulation base. As long as price holds above the ₹1,538.80 support zone on daily closes, the setup favors upside continuation toward testing intermediate resistance at ₹2,204.20, with macro expansion potential reaching toward ₹2,349.50.
Disclaimer: This post is for educational and technical analysis purposes only and does not constitute financial or investment advice. Always manage your position sizing and risk control parameters responsibly.
Symbol: RACLGEAR (RACL Geartech Ltd.) — Daily Timeframe (NSE)
Current Price: ₹1,803.20 (-1.54% intraday move)
Market Structure: Following a multi-month accumulation range above the structural low of ₹921.80, the stock formed a strong series of higher highs and higher lows, breaking out through resistance near the ₹1,800.00 region with expanding bullish candles.
Key Technical Trade Levels
Entry Zone: ~₹1,801.70 – ₹1,804.90 (Breakout continuation level)
Stop Loss (SL): ₹1,538.80 (Defined risk level below the recent consolidation base support)
Immediate High: ₹1,856.00
Intermediate Target 1: ₹2,204.20 (Horizontal projection level)
Macro Horizon Target: ₹2,349.50 (Upper green target zone)
Structural Base Low: ₹921.80
Trade Bias & Summary
The stock displays a strong bullish trend structure exiting a multi-month accumulation base. As long as price holds above the ₹1,538.80 support zone on daily closes, the setup favors upside continuation toward testing intermediate resistance at ₹2,204.20, with macro expansion potential reaching toward ₹2,349.50.
Disclaimer: This post is for educational and technical analysis purposes only and does not constitute financial or investment advice. Always manage your position sizing and risk control parameters responsibly.
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.
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.