🟢 Entry Analysis
Current Price: ₹5,407.50
Support Zone: ₹5,356.55 – ₹5,218.20
Observation: Price has recently bounced off the support zone around ₹5,356, forming a short-term base. Today’s candle is bullish, indicating buying interest.
✅ Possible Entry:
Enter above ₹5,410–5,420, confirming bullish momentum continuation after the support bounce.
Confirm with volume: If volume increases on bullish candles, it supports the move.
🎯 Exit / Target Levels
Resistance 1: ₹5,621.25 — test from November; profit-booking likely here.
Resistance 2: ₹5,800 (next psychological level if ₹5,621 is breached).
🎯 Target 1: ₹5,620
🎯 Target 2: ₹5,750–5,800 (only if ₹5,620 breaks with strong volume)
🛑 Stop-Loss
Place stop-loss below ₹5,350, or safer at ₹5,310, which is just below recent lows and strong support.
This gives you a risk of ~₹100 vs a potential reward of ₹200–₹400, offering a Risk:Reward of 1:2 to 1:4.
⚠️ Caution
Stock previously had a large gap-down in November, suggesting overhead supply exists.
Momentum might pause near ₹5,620 due to past resistance — watch for a reversal signal or booking partial profits.
Current Price: ₹5,407.50
Support Zone: ₹5,356.55 – ₹5,218.20
Observation: Price has recently bounced off the support zone around ₹5,356, forming a short-term base. Today’s candle is bullish, indicating buying interest.
✅ Possible Entry:
Enter above ₹5,410–5,420, confirming bullish momentum continuation after the support bounce.
Confirm with volume: If volume increases on bullish candles, it supports the move.
🎯 Exit / Target Levels
Resistance 1: ₹5,621.25 — test from November; profit-booking likely here.
Resistance 2: ₹5,800 (next psychological level if ₹5,621 is breached).
🎯 Target 1: ₹5,620
🎯 Target 2: ₹5,750–5,800 (only if ₹5,620 breaks with strong volume)
🛑 Stop-Loss
Place stop-loss below ₹5,350, or safer at ₹5,310, which is just below recent lows and strong support.
This gives you a risk of ~₹100 vs a potential reward of ₹200–₹400, offering a Risk:Reward of 1:2 to 1:4.
⚠️ Caution
Stock previously had a large gap-down in November, suggesting overhead supply exists.
Momentum might pause near ₹5,620 due to past resistance — watch for a reversal signal or booking partial profits.
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.
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.