This one is technically quite interesting.
The stock spent a long time inside a descending channel.
The important change is that price has recently moved above the short/medium-term moving averages.
Current price:
₹214.5
MAs:
₹197
₹180.8
₹182.1
So price has created a bullish MA configuration.
More importantly, RSI is:
64.5
with RSI average around 56.7.
That's strong momentum.
But importantly, RSI isn't yet >70.
Key observation
The stock appears to be attempting to transition:
Downtrend → Base → Breakout → Retest → Uptrend
That's exactly the sequence I like to see.
Levels
₹197–200
= first support.
₹180–183
= major structural support.
₹220–225
= immediate breakout confirmation.
Above ₹225:
Targets
₹250
then
₹280–300
and potentially
₹320+
if the larger downtrend line is decisively broken.
Verdict
⭐⭐⭐⭐
EARLY REVERSAL / BUY ON CONFIRMATION
Interesting risk-reward profile, provided ₹197–200 holds.
The stock spent a long time inside a descending channel.
The important change is that price has recently moved above the short/medium-term moving averages.
Current price:
₹214.5
MAs:
₹197
₹180.8
₹182.1
So price has created a bullish MA configuration.
More importantly, RSI is:
64.5
with RSI average around 56.7.
That's strong momentum.
But importantly, RSI isn't yet >70.
Key observation
The stock appears to be attempting to transition:
Downtrend → Base → Breakout → Retest → Uptrend
That's exactly the sequence I like to see.
Levels
₹197–200
= first support.
₹180–183
= major structural support.
₹220–225
= immediate breakout confirmation.
Above ₹225:
Targets
₹250
then
₹280–300
and potentially
₹320+
if the larger downtrend line is decisively broken.
Verdict
⭐⭐⭐⭐
EARLY REVERSAL / BUY ON CONFIRMATION
Interesting risk-reward profile, provided ₹197–200 holds.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.