🚀 QUADFUTURE (Weekly Chart): Bullish Momentum — Waiting for Retest/Pull-back Entry
Trade Thesis:
Following a sharp consolidation phase,
QUADFUTURE has displayed a decisive bullish reversal, honoring its long-term ascending trendline. The stock locked in a 20% upper circuit backed by exceptional institutional volume (7.50M vs 30D average of ~558K). To avoid chasing fixed circuit limits, the strategy relies strictly on a pull-back or breakout consolidation entry.
Technical Parameters
Current Market Price: ₹405.35 (Upper Circuit)
Retest / Dynamic Support Zone: ₹360.00 – ₹375.00 (Ascending Trendline Alignment)
Strong Structural Base: ₹334.00 (Recent Swing Low)
Invalidation / Stop-Loss: Below ₹355.00 (On a Daily Closing Basis)
Upside Resistance & Targets:
Target 1: ₹443.00 (Prior Swing High)
Target 2: ₹481.50 – ₹501.75 (Major Supply Zone & 52-Week High Range)
Execution Strategy (No Direct Entry)
Wait for Retest: Avoid buying directly at circuit levels where execution risk is high. Look for limit entries on a mild pull-back toward the ₹380.00 – ₹390.00 zone.
Alternate Entry: Enter after a multi-day tight consolidation above ₹405 on sustainable volume, validating the continuation.
Risk/Reward Profile: Favorable R:R when entered near the trendline support with a disciplined stop below ₹355.
Trade Thesis:
Following a sharp consolidation phase,
QUADFUTURE has displayed a decisive bullish reversal, honoring its long-term ascending trendline. The stock locked in a 20% upper circuit backed by exceptional institutional volume (7.50M vs 30D average of ~558K). To avoid chasing fixed circuit limits, the strategy relies strictly on a pull-back or breakout consolidation entry.Technical Parameters
Current Market Price: ₹405.35 (Upper Circuit)
Retest / Dynamic Support Zone: ₹360.00 – ₹375.00 (Ascending Trendline Alignment)
Strong Structural Base: ₹334.00 (Recent Swing Low)
Invalidation / Stop-Loss: Below ₹355.00 (On a Daily Closing Basis)
Upside Resistance & Targets:
Target 1: ₹443.00 (Prior Swing High)
Target 2: ₹481.50 – ₹501.75 (Major Supply Zone & 52-Week High Range)
Execution Strategy (No Direct Entry)
Wait for Retest: Avoid buying directly at circuit levels where execution risk is high. Look for limit entries on a mild pull-back toward the ₹380.00 – ₹390.00 zone.
Alternate Entry: Enter after a multi-day tight consolidation above ₹405 on sustainable volume, validating the continuation.
Risk/Reward Profile: Favorable R:R when entered near the trendline support with a disciplined stop below ₹355.
Сделка активна
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.