🔎 Study: This analysis is based on the daily timeframe, focusing purely on price action and chart patterns—no indicators, no news.
📈 Pattern: Symmetrical triangle formed since May 2025.
🔹 Breakout Signal: Today’s daily candle closed decisively above the upper trendline, confirming the triangle breakout.
🔹 Entry:
• Buy around ₹8,420–8,450 once price sustains above the broken trendline.
🔹 Stop‑Loss:
• Place at ₹8,306 (today’s low) to invalidate the breakout on a downside close.
🔹 Profit Targets & Trailing:
Short‑Term: ₹8,650 → book partial & trail stop to ₹8,770
Mid‑Term: ₹8,770 → trail stop toward ₹9,000 as price clears each resistance
Long‑Term: ~₹9,700 (triangle height projection) over 2–3 months+
🔹 Risk Management:
• Expect minor pullbacks at interim resistances—healthy for continuation.
• Adjust position size and stop distances to match your risk tolerance.
⚠️ For educational discussion only; not financial advice.
🔍 Always do your own research and manage risk with proper stops.
👍 Boost if you find this useful, drop a 🚀 in the comments, and share your ideas below!
📈 Pattern: Symmetrical triangle formed since May 2025.
🔹 Breakout Signal: Today’s daily candle closed decisively above the upper trendline, confirming the triangle breakout.
🔹 Entry:
• Buy around ₹8,420–8,450 once price sustains above the broken trendline.
🔹 Stop‑Loss:
• Place at ₹8,306 (today’s low) to invalidate the breakout on a downside close.
🔹 Profit Targets & Trailing:
Short‑Term: ₹8,650 → book partial & trail stop to ₹8,770
Mid‑Term: ₹8,770 → trail stop toward ₹9,000 as price clears each resistance
Long‑Term: ~₹9,700 (triangle height projection) over 2–3 months+
🔹 Risk Management:
• Expect minor pullbacks at interim resistances—healthy for continuation.
• Adjust position size and stop distances to match your risk tolerance.
⚠️ For educational discussion only; not financial advice.
🔍 Always do your own research and manage risk with proper stops.
👍 Boost if you find this useful, drop a 🚀 in the comments, and share your ideas below!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.