DEVYANI – Breakout Retest Completed | Short-Term Rally Brewing
🟢 CMP: ₹170.15
📆 Date: 17 June 2025
📊 Timeframe: 2–4 Days Swing Trade
🔍 Technical Analysis
✅ DEVYANI broke above the key level of ₹169.20 with conviction
✅ Post breakout, the stock consolidated in a tight range – a classic bullish continuation setup
✅ Price structure is forming higher lows, suggesting accumulation
✅ Strong wick rejection seen near ₹165 on June 17, confirming buyers stepping in at dips
✅ Volume noticeably rising in the last hour of trade, with price heading higher
✅ Final candle of the session closed just below the intraday high, hinting potential upside continuation
🎯 Trade Plan
🔹 Parameter 🔹 Value
Buy Zone ₹169 – ₹171
Stop Loss ₹166.40 (below swing low)
Target 1 ₹174
Target 2 ₹177.50
Target 3 ₹181
Risk–Reward ~1:2.4
🔥 Conviction Score: 80%
💡 Clean structure + minor breakout + volume rise = Short-term bullish bias
⚠️ What to Watch For
Volumes should continue above 45K per 5-min candle
Immediate resistance: ₹172
Closing above ₹171.20 can fast-track the momentum move
#DEVYANI #BreakoutSetup #VolumeConfirmation #SwingTrade #NSEStocks #BullishBias #MomentumMove #SmartMoneyFlow
🟢 CMP: ₹170.15
📆 Date: 17 June 2025
📊 Timeframe: 2–4 Days Swing Trade
🔍 Technical Analysis
✅ DEVYANI broke above the key level of ₹169.20 with conviction
✅ Post breakout, the stock consolidated in a tight range – a classic bullish continuation setup
✅ Price structure is forming higher lows, suggesting accumulation
✅ Strong wick rejection seen near ₹165 on June 17, confirming buyers stepping in at dips
✅ Volume noticeably rising in the last hour of trade, with price heading higher
✅ Final candle of the session closed just below the intraday high, hinting potential upside continuation
🎯 Trade Plan
🔹 Parameter 🔹 Value
Buy Zone ₹169 – ₹171
Stop Loss ₹166.40 (below swing low)
Target 1 ₹174
Target 2 ₹177.50
Target 3 ₹181
Risk–Reward ~1:2.4
🔥 Conviction Score: 80%
💡 Clean structure + minor breakout + volume rise = Short-term bullish bias
⚠️ What to Watch For
Volumes should continue above 45K per 5-min candle
Immediate resistance: ₹172
Closing above ₹171.20 can fast-track the momentum move
#DEVYANI #BreakoutSetup #VolumeConfirmation #SwingTrade #NSEStocks #BullishBias #MomentumMove #SmartMoneyFlow
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.