Technical View – Bullish Breakout Setup
The stock has been in a strong base formation for nearly the last one year. It is now breaking out of this base and has started forming a clear series of higher highs (HH) and higher lows (HL), indicating a trend reversal.
While other stocks in the auto sector were making all-time highs, this stock remained in consolidation, suggesting accumulation at lower levels. With the recent breakout, the stock now shows potential to move higher toward its previous resistance/high.
All key moving averages are aligned on the bullish side, confirming strength in the trend. Notably, every pullback has been finding support near the 50-day moving average, indicating strong participation from medium-term investors.
Trade Setup:
This offers a favorable risk–reward of approximately 1:3, making it a good short-term positional trade for the next 2–3 months, subject to market conditions.
Only for education purposes
The stock has been in a strong base formation for nearly the last one year. It is now breaking out of this base and has started forming a clear series of higher highs (HH) and higher lows (HL), indicating a trend reversal.
While other stocks in the auto sector were making all-time highs, this stock remained in consolidation, suggesting accumulation at lower levels. With the recent breakout, the stock now shows potential to move higher toward its previous resistance/high.
All key moving averages are aligned on the bullish side, confirming strength in the trend. Notably, every pullback has been finding support near the 50-day moving average, indicating strong participation from medium-term investors.
Trade Setup:
- Entry: CMP / ₹9,500
- Target: ₹12,775 (Previous high / resistance)
- Stop Loss: ₹8,650
This offers a favorable risk–reward of approximately 1:3, making it a good short-term positional trade for the next 2–3 months, subject to market conditions.
Only for education purposes
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。