📊 Chart Overview (Daily – D1)
Metric Value
🔹 CMP ₹92.47
🔹 Daily Move +₹10.13 (+12.30%)
🔹 Volume 292K (Above average = Volume spike)
🔹 Support ₹82–84 (Volume support + 0.382 fib)
🔹 Resistance ₹97–100 (key level to watch)
🔹 Recent breakout One-month range breakout confirmed
🔍 Technical Highlights
✅ Breakout: Price broke a tight one-month consolidation range with good volume – strong bullish signal.
🔼 Fib Levels: Currently hovering between 0.382 and 0.5 retracement; next zone to clear is above 0.5 (~₹97+).
⚠️ Overextended Candle: One-day move of +12% – indicates potential for pullback before fresh entry.
📉 Wait for Retest: “Wait for entry region as it moved 17% in a day” – This aligns with ideal re-entry planning (₹84–88 zone).
🔄 Reversal Potential: After long downtrend, a short-term trend reversal is possibly underway.
🧠 Strategy Plan
Trade Setup Swing / Momentum Trade
📌 Entry Zone ₹84–88 (near fib 0.382 zone)
🛑 Stop Loss ₹78 (below recent base)
🎯 Target 1 ₹100–104 (short-term)
🎯 Target 2 ₹110+ (if breaks resistance)
📐 Risk-Reward ~1:1.5 (entry near ₹85, SL ₹78, Target ₹100)
📌 Final Notes
✅ Volume-supported breakout
✅ Clear Fibonacci structure
⏳ Wait for healthy pullback or consolidation to enter
🚫 Avoid chasing after parabolic move
🔁 Consider adding only partial quantity on breakout continuation, rest on pullback
Metric Value
🔹 CMP ₹92.47
🔹 Daily Move +₹10.13 (+12.30%)
🔹 Volume 292K (Above average = Volume spike)
🔹 Support ₹82–84 (Volume support + 0.382 fib)
🔹 Resistance ₹97–100 (key level to watch)
🔹 Recent breakout One-month range breakout confirmed
🔍 Technical Highlights
✅ Breakout: Price broke a tight one-month consolidation range with good volume – strong bullish signal.
🔼 Fib Levels: Currently hovering between 0.382 and 0.5 retracement; next zone to clear is above 0.5 (~₹97+).
⚠️ Overextended Candle: One-day move of +12% – indicates potential for pullback before fresh entry.
📉 Wait for Retest: “Wait for entry region as it moved 17% in a day” – This aligns with ideal re-entry planning (₹84–88 zone).
🔄 Reversal Potential: After long downtrend, a short-term trend reversal is possibly underway.
🧠 Strategy Plan
Trade Setup Swing / Momentum Trade
📌 Entry Zone ₹84–88 (near fib 0.382 zone)
🛑 Stop Loss ₹78 (below recent base)
🎯 Target 1 ₹100–104 (short-term)
🎯 Target 2 ₹110+ (if breaks resistance)
📐 Risk-Reward ~1:1.5 (entry near ₹85, SL ₹78, Target ₹100)
📌 Final Notes
✅ Volume-supported breakout
✅ Clear Fibonacci structure
⏳ Wait for healthy pullback or consolidation to enter
🚫 Avoid chasing after parabolic move
🔁 Consider adding only partial quantity on breakout continuation, rest on pullback
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.