NIPPON AMC – Steady Breakout with Accumulation | BTST to 3-Day I

CMP: ₹761.15
Trade Type: BTST / Short-Term Positional (3–4 Days)
Confidence Level: ⭐⭐⭐⭐½ (85–90%)

🧠 Technical Setup & Reasoning:
✅ Breakout from Ascending Channel: Price has broken out above the ₹755–758 zone, which acted as the upper boundary of a rising channel.
✅ Volume Expansion: Accumulation visible with steady volume on breakout candles — not a spike-based move, but healthy build-up.
✅ MACD: Bullish crossover in progress on the 1-hour and daily chart — indicating start of a short-term rally.
✅ RSI: RSI is climbing above 60 — sign of strength, yet not in overbought territory, allowing more room for upside.
✅ Sector Strength: Financial services and AMCs are seeing renewed interest with broader Nifty 500 inflows.

📊 Trade Levels
🎯 Target 1: ₹773

🎯 Target 2: ₹785

🚀 Stretch Target: ₹795+

🛑 Stop-Loss: ₹747 (closing basis)

📌 Why This Trade Has High Conviction
Fresh breakout from structured base

Consistent institutional-style volume on green candles

Technical indicators aligning for trend continuation

Positive sentiment in financial/AMC space post mid-cap flows

📌 Strategy:

Holding above ₹758–759 confirms strength

Trail SL to cost after crossing ₹770

Consider booking partial profit near ₹785 if market weakens

💬 Nippon AMC is quietly building momentum. A patient 3–4 day hold may reward well if it sustains above ₹760.

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