CMP: ₹1,385 | CDSL @ NSE
Structure
Stock was trading inside a falling channel from July 2025 highs (~₹1,850), with a rising trendline forming from the March 2026 low of ~₹1,200. Price has now broken out of the falling channel with strong volume — a clean structural shift after months of lower-highs.
The Setup Now
Post-breakout, price is doing what a healthy breakout should do — retesting the earlier resistance zone of ₹1,370–1,390, which now flips into support (classic role-reversal / polarity flip). Today's -1.79% dip into this zone is the retest candle, not weakness.
Key Levels
Retest support (must hold): ₹1,370–1,390 (earlier resistance → now support)
Deeper support: ₹1,340 (last defense before structure weakens)
Immediate resistance: ₹1,425 (today's high)
Breakout target: ₹1,500 (upper channel + measured move)
Extended target: ₹1,580–1,600 if 1,500 breaks with volume
Invalidation: 3D close below ₹1,340
Read
As long as ₹1,370–1,390 holds as support on closing basis, the breakout stays valid and the path of least resistance is up. A bounce from this zone with follow-through volume = green light for ₹1,500. If price slips below ₹1,340 on closing basis, breakout fails and stock re-enters the old range — that's the line in the sand.
Bias: Bullish above 1,370. Retest zone offers better R:R than chasing the breakout candle. Ideal entry = bullish reversal candle from 1,370–1,390 with rising volume.
Trigger: Watch how price behaves in this retest zone over the next 1–2 sessions. Hold = continuation. Break = failed breakout.
⚠️ Disclaimer: This is a personal technical view shared for educational and informational purposes only. It is not investment advice, buy/sell recommendation, or a solicitation to trade. I am not a SEBI-registered analyst. Markets carry risk; past chart patterns do not guarantee future outcomes. Please do your own research and consult a SEBI-registered financial advisor before taking any position. I / my family may or may not hold positions in the stock mentioned.
Structure
Stock was trading inside a falling channel from July 2025 highs (~₹1,850), with a rising trendline forming from the March 2026 low of ~₹1,200. Price has now broken out of the falling channel with strong volume — a clean structural shift after months of lower-highs.
The Setup Now
Post-breakout, price is doing what a healthy breakout should do — retesting the earlier resistance zone of ₹1,370–1,390, which now flips into support (classic role-reversal / polarity flip). Today's -1.79% dip into this zone is the retest candle, not weakness.
Key Levels
Retest support (must hold): ₹1,370–1,390 (earlier resistance → now support)
Deeper support: ₹1,340 (last defense before structure weakens)
Immediate resistance: ₹1,425 (today's high)
Breakout target: ₹1,500 (upper channel + measured move)
Extended target: ₹1,580–1,600 if 1,500 breaks with volume
Invalidation: 3D close below ₹1,340
Read
As long as ₹1,370–1,390 holds as support on closing basis, the breakout stays valid and the path of least resistance is up. A bounce from this zone with follow-through volume = green light for ₹1,500. If price slips below ₹1,340 on closing basis, breakout fails and stock re-enters the old range — that's the line in the sand.
Bias: Bullish above 1,370. Retest zone offers better R:R than chasing the breakout candle. Ideal entry = bullish reversal candle from 1,370–1,390 with rising volume.
Trigger: Watch how price behaves in this retest zone over the next 1–2 sessions. Hold = continuation. Break = failed breakout.
⚠️ Disclaimer: This is a personal technical view shared for educational and informational purposes only. It is not investment advice, buy/sell recommendation, or a solicitation to trade. I am not a SEBI-registered analyst. Markets carry risk; past chart patterns do not guarantee future outcomes. Please do your own research and consult a SEBI-registered financial advisor before taking any position. I / my family may or may not hold positions in the stock mentioned.
Business news → Stock insight → Trade setup
Decoded charts. Decoded news. Real trades.
Follow x.com/DguptaIet on X
Decoded charts. Decoded news. Real trades.
Follow x.com/DguptaIet on X
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
Business news → Stock insight → Trade setup
Decoded charts. Decoded news. Real trades.
Follow x.com/DguptaIet on X
Decoded charts. Decoded news. Real trades.
Follow x.com/DguptaIet on X
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。