Currently, the stock is completing a falling wedge pattern, which is a bullish pattern.
All important levels have been marked on the chart.
Looking at the chart, we can say that if the price sustains above ₹414, there is a high probability that the stock will reach the ₹576 target.
For the past few days, volume has increased, confirming the breakout. If we enter the stock at ₹414, we can achieve the target with
Risk: Reward :: 1 : 6.3
Reasons:
✅ Breakout from falling wedge – a strong bullish signal
✅ Price crossed above the 50-day EMA, confirming trend reversal
✅ RSI is above 63, indicating bullish momentum
✅ Stock is above the 200-day EMA, signaling long-term strength
✅ Volume surge confirms buyer interest
Verdict: Bullish
Plan of Action:
Enter once the breakout is confirmed above ₹414
BUY: ₹414
Stoploss: ₹386
Target: ₹576
Trailing SL: ₹390
All important levels have been marked on the chart.
Looking at the chart, we can say that if the price sustains above ₹414, there is a high probability that the stock will reach the ₹576 target.
For the past few days, volume has increased, confirming the breakout. If we enter the stock at ₹414, we can achieve the target with
Risk: Reward :: 1 : 6.3
Reasons:
✅ Breakout from falling wedge – a strong bullish signal
✅ Price crossed above the 50-day EMA, confirming trend reversal
✅ RSI is above 63, indicating bullish momentum
✅ Stock is above the 200-day EMA, signaling long-term strength
✅ Volume surge confirms buyer interest
Verdict: Bullish
Plan of Action:
Enter once the breakout is confirmed above ₹414
BUY: ₹414
Stoploss: ₹386
Target: ₹576
Trailing SL: ₹390
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.