📲 WHEELS INDIA – Turnaround Setup 🔄
Stock is showing early signs of a structural turnaround from downside.
📌 Trade / Swing Plan
• CMP: ₹869
• SL: ₹690
• Targets: ₹939 → ₹1015 → ₹1173
📍 Key Technical Logic
• ₹939 = 61.8% Fibonacci resistance
• Weekly close above ₹939 will confirm upside momentum
• Historically, stocks breaking 61.8% during turnaround often move towards new highs
• Risk–reward currently favourable
🧠 Approach:
This is a patience-based turnaround swing, not a momentum chase. Position sizing is key.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
Stock is showing early signs of a structural turnaround from downside.
📌 Trade / Swing Plan
• CMP: ₹869
• SL: ₹690
• Targets: ₹939 → ₹1015 → ₹1173
📍 Key Technical Logic
• ₹939 = 61.8% Fibonacci resistance
• Weekly close above ₹939 will confirm upside momentum
• Historically, stocks breaking 61.8% during turnaround often move towards new highs
• Risk–reward currently favourable
🧠 Approach:
This is a patience-based turnaround swing, not a momentum chase. Position sizing is key.
⚠️ Clarification:
This is an independent analysis based purely on technical and market study. No part of Religare is involved in this view or recommendation.
📝 Important:
I am not responsible for any loss or profit incurred. I am not taking any fees for these views – just sharing my analysis for educational and informational purposes.
📉 Disclaimer: Not SEBI-registered. Please do your own research or consult a financial advisor before taking any investment decision.
Transakcja zamknięta: osiągnięto wyznaczony cel
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.