WEEKLY SIGNPOST Buying mode

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๐Ÿ“‰ Technical Chart Overview
Metric Value/Zone
๐Ÿ“† Time Frame Weekly Chart (W1)
๐Ÿ“ˆ Current Price โ‚น234.23
๐ŸŸฉ Entry Zone Around โ‚น200โ€“210
๐ŸŸฅ Stop Loss Below โ‚น190 (recent support base)
๐ŸŽฏ Short-Term Target โ‚น280 (approx +20%)
๐ŸŽฏ Long-Term Target โ‚น360โ€“400 (approx +50%โ€“70%)
๐Ÿ”Š Volume Signal Huge Buy Volume spike

โœ… Bullish Signals
๐Ÿ“Š Volume Breakout: Last weekly candle has massive volume, indicating strong institutional or smart money interest.

๐ŸŸข Break from Consolidation Zone: Price broke out of a narrow range with a strong green candle.

๐Ÿ“ˆ Bollinger Band Expansion: Price broke upper band after tight squeeze = volatility breakout

๐Ÿ“‰ Prior Downtrend Exhaustion: 56-day (8-week) accumulation range shows possible base formation

๐Ÿ” Buy zone confluence with previous support area (โ‚น190โ€“210)

๐Ÿ“‹ Trade Setup Summary
Category Details
๐Ÿ“ฅ Entry โ‚น200โ€“210
๐Ÿ›ก๏ธ Stop Loss Below โ‚น190 (weekly close)
๐ŸŽฏ Target 1 โ‚น280 (Short-Term)
๐ŸŽฏ Target 2 โ‚น360โ€“400 (Positional / Long-Term)
โš–๏ธ RRR ~1:2 or 1:3 based on targets

๐Ÿšจ Caution Points
โš ๏ธ Illiquidity Risk: This is a smallcap/low-float stock, so large positions may not be ideal.

๐Ÿ“‰ If breakout fails and price closes below โ‚น190, trend reversal invalidates.

๐Ÿ•ฐ๏ธ Patience required โ€” this is a weekly timeframe trade; may take weeks to play out.

๐Ÿง  Strategy Recommendation
Type View
๐Ÿ“ฆ Positional Strong setup โ€” can be trailed weekly
๐Ÿ’ผ Swing Trade Good for 20โ€“30% return in 3โ€“5 weeks
๐Ÿšจ Risk Averse Consider booking 50% near โ‚น270โ€“280

๐Ÿ”š Final Thoughts
Volume + Base Formation + Breakout on a weekly chart is a powerful combination. If broader market support continues, SIGNPOST could be a multi-week runner.

Penafian

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