✅ Falling Channel Breakout: The stock recently broke out of a steep falling channel, indicating a potential trend reversal.
✅ Consolidation Above Support: Currently consolidating between ₹92-₹103, forming a solid base for the next potential move.
✅ Volume Spike on Breakout: Significant volume was observed during the breakout phase, adding conviction to the bullish bias.
🎯 Key Levels to Watch:
Entry: ₹103.30 (Breakout confirmation above the consolidation range)
Stop Loss: ₹88.53 (Closing Basis)
Target 1: ₹123.37
Target 2: ₹158.16
💡 Risk/Reward Analysis:
Risk: ~15% (₹103.30 to ₹88.53)
Reward: ~19% for Target 1, ~53% for Target 2
📌 Trade Setup: Wait for a breakout above ₹103.30 with volume to confirm entry. Ensure strict risk management to protect your capital.
Caution: Market volatility may influence the stock's movement. Always align trades with your investment strategy and risk tolerance.
#OlaElectric #BreakoutStocks
✅ Consolidation Above Support: Currently consolidating between ₹92-₹103, forming a solid base for the next potential move.
✅ Volume Spike on Breakout: Significant volume was observed during the breakout phase, adding conviction to the bullish bias.
🎯 Key Levels to Watch:
Entry: ₹103.30 (Breakout confirmation above the consolidation range)
Stop Loss: ₹88.53 (Closing Basis)
Target 1: ₹123.37
Target 2: ₹158.16
💡 Risk/Reward Analysis:
Risk: ~15% (₹103.30 to ₹88.53)
Reward: ~19% for Target 1, ~53% for Target 2
📌 Trade Setup: Wait for a breakout above ₹103.30 with volume to confirm entry. Ensure strict risk management to protect your capital.
Caution: Market volatility may influence the stock's movement. Always align trades with your investment strategy and risk tolerance.
#OlaElectric #BreakoutStocks
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.