Trend and Structure
The stock is showing a clear uptrend channel since early 2025, marked by higher highs and higher lows.
Price is currently near the middle-upper part of this channel, signaling sustained bullish momentum.
The presence of a Fair Value Gap (FVG) area around 630–640 INR indicates a recent imbalance zone where lingering buy orders may fill, often acting as a support area.
Support and Resistance
Immediate support is the FVG zone near 630-640 INR.
Resistance levels are marked by two clear zones:
TGT-1: Around 680-700 INR, corresponding to a previous significant resistance.
TGT-2: Around 760-780 INR, near the major highs from late 2024.
Entry Strategy
Consider a long entry near the FVG zone (630-640 INR), if price shows bullish confirmation such as strong bullish candles or volume.
The FVG and the lower boundary of the uptrend channel provide a double support zone, reinforcing the long bias.
Stop Loss (SL)
Below the lower boundary of the uptrend channel, around 600 INR, allowing room for volatility while protecting downside risk.
Targets (TGT)
TGT-1: 680-700 INR — first profit booking zone.
TGT-2: 760-780 INR — extended profit target if momentum continues.
The stock is showing a clear uptrend channel since early 2025, marked by higher highs and higher lows.
Price is currently near the middle-upper part of this channel, signaling sustained bullish momentum.
The presence of a Fair Value Gap (FVG) area around 630–640 INR indicates a recent imbalance zone where lingering buy orders may fill, often acting as a support area.
Support and Resistance
Immediate support is the FVG zone near 630-640 INR.
Resistance levels are marked by two clear zones:
TGT-1: Around 680-700 INR, corresponding to a previous significant resistance.
TGT-2: Around 760-780 INR, near the major highs from late 2024.
Entry Strategy
Consider a long entry near the FVG zone (630-640 INR), if price shows bullish confirmation such as strong bullish candles or volume.
The FVG and the lower boundary of the uptrend channel provide a double support zone, reinforcing the long bias.
Stop Loss (SL)
Below the lower boundary of the uptrend channel, around 600 INR, allowing room for volatility while protecting downside risk.
Targets (TGT)
TGT-1: 680-700 INR — first profit booking zone.
TGT-2: 760-780 INR — extended profit target if momentum continues.
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.