Timeframe: Daily (1D)
📌 Chart Observed: Appears to be a stock forming higher lows after a strong recovery from
bottom.
🔍 Pattern Noticed:
• Price breakout above 200 EMA – typically a strong trend reversal signal.
• Today’s candle shows a bullish engulfing move with a volume spike, indicating buyer interest.
• RSI bouncing from 50 zone – suggests momentum revival.
📊 Volume: Higher than last 10-day average, confirming breakout interest.
🧭 Support Zone: ~₹425–₹430
🚀 Potential Upside (If trend continues): ₹470–₹500 zone
⚠️ Caution: Avoid entry if price falls below 200 EMA again or if volume fades on follow-up candles.
⸻
📌 Disclaimer:-
“I am not a SEBI registered advisor. This is just my personal analysis shared for educational and observational purposes. Please consult your financial advisor before making any trading or investment decisions.”
📌 Chart Observed: Appears to be a stock forming higher lows after a strong recovery from
bottom.
🔍 Pattern Noticed:
• Price breakout above 200 EMA – typically a strong trend reversal signal.
• Today’s candle shows a bullish engulfing move with a volume spike, indicating buyer interest.
• RSI bouncing from 50 zone – suggests momentum revival.
📊 Volume: Higher than last 10-day average, confirming breakout interest.
🧭 Support Zone: ~₹425–₹430
🚀 Potential Upside (If trend continues): ₹470–₹500 zone
⚠️ Caution: Avoid entry if price falls below 200 EMA again or if volume fades on follow-up candles.
⸻
📌 Disclaimer:-
“I am not a SEBI registered advisor. This is just my personal analysis shared for educational and observational purposes. Please consult your financial advisor before making any trading or investment decisions.”
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.