This one is technically quite interesting.
The stock spent a long time inside a descending channel.
The important change is that price has recently moved above the short/medium-term moving averages.
Current price:
₹214.5
MAs:
₹197
₹180.8
₹182.1
So price has created a bullish MA configuration.
More importantly, RSI is:
64.5
with RSI average around 56.7.
That's strong momentum.
But importantly, RSI isn't yet >70.
Key observation
The stock appears to be attempting to transition:
Downtrend → Base → Breakout → Retest → Uptrend
That's exactly the sequence I like to see.
Levels
₹197–200
= first support.
₹180–183
= major structural support.
₹220–225
= immediate breakout confirmation.
Above ₹225:
Targets
₹250
then
₹280–300
and potentially
₹320+
if the larger downtrend line is decisively broken.
Verdict
⭐⭐⭐⭐
EARLY REVERSAL / BUY ON CONFIRMATION
Interesting risk-reward profile, provided ₹197–200 holds.
The stock spent a long time inside a descending channel.
The important change is that price has recently moved above the short/medium-term moving averages.
Current price:
₹214.5
MAs:
₹197
₹180.8
₹182.1
So price has created a bullish MA configuration.
More importantly, RSI is:
64.5
with RSI average around 56.7.
That's strong momentum.
But importantly, RSI isn't yet >70.
Key observation
The stock appears to be attempting to transition:
Downtrend → Base → Breakout → Retest → Uptrend
That's exactly the sequence I like to see.
Levels
₹197–200
= first support.
₹180–183
= major structural support.
₹220–225
= immediate breakout confirmation.
Above ₹225:
Targets
₹250
then
₹280–300
and potentially
₹320+
if the larger downtrend line is decisively broken.
Verdict
⭐⭐⭐⭐
EARLY REVERSAL / BUY ON CONFIRMATION
Interesting risk-reward profile, provided ₹197–200 holds.
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。
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。