📊 1. Chart Pattern & Price Action
✅ Falling Wedge Breakout (bullish reversal pattern):
The stock was consolidating in a falling wedge, which has now been broken on the upside.
This is typically a bullish signal, especially when confirmed with volume.
📈 Volume Confirmation:
The breakout candle is supported by above-average volume, indicating institutional or strong hands' interest.
🛑 Caution Note:
The wick on the breakout bar indicates some selling pressure, so the breakout isn’t completely clean
For traders, this means tight SL and watching the next 1–2 candles is important.
For long-term investors or holders, this is not a worry if your horizon is 6+ months.
🔎 2. Key Levels
Parameter Value (Approx)
📌 Entry Zone ₹2,345 – ₹2,375
🧯 Stop Loss ₹2,295 – ₹2,310
🎯 Target Zone ₹2,460 – ₹2,480
🔁 Reward:Risk ~2:1
📦 3. Stage Classification
✅ Stage: Early Stage 2 – Breakout from Consolidation
After a long base in Stage 1, this wedge breakout marks early Stage 2, where institutional money starts entering.
Ideal for short-to-medium term swing with trend-following mindset.
💬 Trade Summary
Type Notes
🎯 Setup Falling wedge breakout with decent volume
⚠️ Risk Wick = supply pressure; avoid if it breaks below SL
💹 Ideal For Short-term swing traders (4–5%) or long-term holders
🔑 Advice Monitor next 2 candles — if it closes above ₹2,400, strength is confirmed
✅ Falling Wedge Breakout (bullish reversal pattern):
The stock was consolidating in a falling wedge, which has now been broken on the upside.
This is typically a bullish signal, especially when confirmed with volume.
📈 Volume Confirmation:
The breakout candle is supported by above-average volume, indicating institutional or strong hands' interest.
🛑 Caution Note:
The wick on the breakout bar indicates some selling pressure, so the breakout isn’t completely clean
For traders, this means tight SL and watching the next 1–2 candles is important.
For long-term investors or holders, this is not a worry if your horizon is 6+ months.
🔎 2. Key Levels
Parameter Value (Approx)
📌 Entry Zone ₹2,345 – ₹2,375
🧯 Stop Loss ₹2,295 – ₹2,310
🎯 Target Zone ₹2,460 – ₹2,480
🔁 Reward:Risk ~2:1
📦 3. Stage Classification
✅ Stage: Early Stage 2 – Breakout from Consolidation
After a long base in Stage 1, this wedge breakout marks early Stage 2, where institutional money starts entering.
Ideal for short-to-medium term swing with trend-following mindset.
💬 Trade Summary
Type Notes
🎯 Setup Falling wedge breakout with decent volume
⚠️ Risk Wick = supply pressure; avoid if it breaks below SL
💹 Ideal For Short-term swing traders (4–5%) or long-term holders
🔑 Advice Monitor next 2 candles — if it closes above ₹2,400, strength is confirmed
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.