Suryoday Small Finance Bank – Long-Term Breakout Setup
Suryoday Small Finance Bank – Long-Term Breakout Setup (1W Chart)
Key Observations
1. Multi-month consolidation between ₹125 – ₹160 has been broken decisively.
2. Strong bullish weekly candle supported by a massive volume spike.
3. Price has also moved above the long-term descending trendline resistance.
4. Accumulation signs were visible for several months before the breakout.
5. Momentum structure now favors bulls as long as price sustains above breakout levels.
Important Levels
a. Immediate Resistance: ₹217
b. Major Resistance: ₹298
c. Breakout Zone / Support: ₹160 – ₹162
d. Demand Zone: ₹145 – ₹150
Risk Management
i. Traders should wait for follow-through buying or a successful retest of the breakout zone.
ii. Risk Management
iii. Weekly closing below ₹150 may weaken the breakout structure.
This setup reflects a classic:
✅ Silent accumulation
✅ Volume expansion
✅ Range breakout
✅ Trendline breakout
If momentum sustains, this could mark the beginning of a fresh medium-to-long-term uptrend.
Not financial advice. Trade with proper risk management.
Regards
Bull Man
Key Observations
1. Multi-month consolidation between ₹125 – ₹160 has been broken decisively.
2. Strong bullish weekly candle supported by a massive volume spike.
3. Price has also moved above the long-term descending trendline resistance.
4. Accumulation signs were visible for several months before the breakout.
5. Momentum structure now favors bulls as long as price sustains above breakout levels.
Important Levels
a. Immediate Resistance: ₹217
b. Major Resistance: ₹298
c. Breakout Zone / Support: ₹160 – ₹162
d. Demand Zone: ₹145 – ₹150
Risk Management
i. Traders should wait for follow-through buying or a successful retest of the breakout zone.
ii. Risk Management
iii. Weekly closing below ₹150 may weaken the breakout structure.
This setup reflects a classic:
✅ Silent accumulation
✅ Volume expansion
✅ Range breakout
✅ Trendline breakout
If momentum sustains, this could mark the beginning of a fresh medium-to-long-term uptrend.
Not financial advice. Trade with proper risk management.
Regards
Bull Man
Dagangan aktif
Immediate Resistance 217 got hit and reversed so far !!!
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.