📊 1. Price Action & Pattern Analysis
Breakout Trigger:
Double Bottom at ₹660–₹670 confirmed.
Higher Lows and Higher Highs are clearly visible — a bullish trend structure.
Breakout from trendline resistance with a strong bullish candle on extreme volume confirms buyer interest.
Probable Retest Zone: Around ₹745–₹760, which overlaps with the 38.2–61.8% Fibonacci zone, indicating a good low-risk reentry area if price retests.
Stop-Loss (Aggressive): Just below ₹680 support zone (prior bottom and neckline).
🔍 2. Volume & Confirmation
Massive Volume Spike on breakout day — highest in recent months.
Volume confirms genuine buying pressure, validating the pattern breakout.
🧭 3. Stage Classification
✅ Current Stage: Stage 2 – Markup Phase (Early Stage)
Why:
Breakout from long consolidation.
Volume confirms institutional activity.
Trend structure shifting to higher highs/lows.
Strong retest and breakout of previous resistance zones.
🎯 4. Trade Plan Summary
Metric Value
📌 Entry Range ₹760–₹780 (retest possible)
🧯 Stop Loss (Aggressive) ₹675–₹680 zone
📈 Target 1 (Short-Term) ₹840–₹860 (as shown)
📈 Target 2 (Positional) ₹900+
🔎 Risk–Reward 1:2.5+ (Ideal Swing Setup)
🧠 “So many convincing acts happened here to take trade... Trade for 4 to 5% for consistency.”
✅ Conclusion
This is a classic Stage 2 early breakout with:
Multi-confirmation setup (pattern + trendline + volume)
Well-defined risk-reward
Excellent for swing-to-positional trades
Breakout Trigger:
Double Bottom at ₹660–₹670 confirmed.
Higher Lows and Higher Highs are clearly visible — a bullish trend structure.
Breakout from trendline resistance with a strong bullish candle on extreme volume confirms buyer interest.
Probable Retest Zone: Around ₹745–₹760, which overlaps with the 38.2–61.8% Fibonacci zone, indicating a good low-risk reentry area if price retests.
Stop-Loss (Aggressive): Just below ₹680 support zone (prior bottom and neckline).
🔍 2. Volume & Confirmation
Massive Volume Spike on breakout day — highest in recent months.
Volume confirms genuine buying pressure, validating the pattern breakout.
🧭 3. Stage Classification
✅ Current Stage: Stage 2 – Markup Phase (Early Stage)
Why:
Breakout from long consolidation.
Volume confirms institutional activity.
Trend structure shifting to higher highs/lows.
Strong retest and breakout of previous resistance zones.
🎯 4. Trade Plan Summary
Metric Value
📌 Entry Range ₹760–₹780 (retest possible)
🧯 Stop Loss (Aggressive) ₹675–₹680 zone
📈 Target 1 (Short-Term) ₹840–₹860 (as shown)
📈 Target 2 (Positional) ₹900+
🔎 Risk–Reward 1:2.5+ (Ideal Swing Setup)
🧠 “So many convincing acts happened here to take trade... Trade for 4 to 5% for consistency.”
✅ Conclusion
This is a classic Stage 2 early breakout with:
Multi-confirmation setup (pattern + trendline + volume)
Well-defined risk-reward
Excellent for swing-to-positional trades
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.