🔍 Key Observations
1. Breakout & Retest
Price gave a decisive breakout above ₹800 resistance with strong bullish candles and volume expansion.
The highlighted purple zone has now flipped into support (polarity change).
Recent candles show a successful retest of this zone → bullish confirmation.
2. Trend Structure
Formation of higher highs and higher lows after consolidation.
Strong impulsive rally toward ₹1000 zone, followed by mild pullback.
Current price holding above breakout zone signals trend continuation potential.
3. Momentum (RSI)
RSI ~63 → comfortably in bullish zone.
Not overbought → room for upside continuation.
4. Volume
Breakout supported by above-average volume, indicating institutional participation.
Declining volume during pullback → suggests healthy consolidation, not distribution.
🎯 Key Levels
✅ Support Zones
₹800 – ₹820 → Major demand (critical level)
Below this → structure weakens
🚀 Resistance
₹1000 – ₹1050 → Immediate supply zone
₹1150+ → If momentum sustains
📈 Trade Setup (Positional)
Bias: Bullish above ₹820
Entry: On dips near ₹850–₹900 OR breakout above ₹1000 with volume
Stop-loss: Below ₹790 (weekly closing basis)
Targets: ₹1050 / ₹1150 / ₹1200+
⚠️ Risk Factors
Failure to hold ₹800 could lead to deeper retracement toward ₹700
Watch for volume dry-up near highs → sign of exhaustion
1. Breakout & Retest
Price gave a decisive breakout above ₹800 resistance with strong bullish candles and volume expansion.
The highlighted purple zone has now flipped into support (polarity change).
Recent candles show a successful retest of this zone → bullish confirmation.
2. Trend Structure
Formation of higher highs and higher lows after consolidation.
Strong impulsive rally toward ₹1000 zone, followed by mild pullback.
Current price holding above breakout zone signals trend continuation potential.
3. Momentum (RSI)
RSI ~63 → comfortably in bullish zone.
Not overbought → room for upside continuation.
4. Volume
Breakout supported by above-average volume, indicating institutional participation.
Declining volume during pullback → suggests healthy consolidation, not distribution.
🎯 Key Levels
✅ Support Zones
₹800 – ₹820 → Major demand (critical level)
Below this → structure weakens
🚀 Resistance
₹1000 – ₹1050 → Immediate supply zone
₹1150+ → If momentum sustains
📈 Trade Setup (Positional)
Bias: Bullish above ₹820
Entry: On dips near ₹850–₹900 OR breakout above ₹1000 with volume
Stop-loss: Below ₹790 (weekly closing basis)
Targets: ₹1050 / ₹1150 / ₹1200+
⚠️ Risk Factors
Failure to hold ₹800 could lead to deeper retracement toward ₹700
Watch for volume dry-up near highs → sign of exhaustion
İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.