Price Action:
Current Price: ₹1,435.20 (+13.02% today)
Recent Range: ₹1,270 (L) – ₹1,519 (H)
Strong breakout above ₹1,400 resistance (now support).
Indicators:
Supertrend (10,3): Bullish (Green line) – Confirms uptrend.
TEMA (5.9,20): Rising – Momentum favors bulls.
Volume: Spike on upside move (not shown but implied by 13% rally).
🎯 Positional Trade Plan:
✅ Entry:
Buy Zone: ₹1,400-1,430 (Pullback to breakout level).
Confirmation: Close above ₹1,450 with volume.
🛑 Stop Loss:
₹1,300 (Below recent swing low & Supertrend support).
Risk: ~7-8% from entry.
🎯 Target:
Short-Term (1-2 weeks): ₹1,550 (Previous high).
Positional (1-3 months): ₹1,700-1,800 (All-time high zone).
📊 Risk-Reward: 1:3 (₹100 risk vs. ₹300+ reward).
💡 Trading Notes:
Trend Bias: Bullish (Supertrend + Higher Highs/Lows).
Watch For:
Profit-booking near ₹1,500-1,520.
Close below ₹1,400 invalidates setup.
Sector Tailwind: Pharma stocks showing strength.
Current Price: ₹1,435.20 (+13.02% today)
Recent Range: ₹1,270 (L) – ₹1,519 (H)
Strong breakout above ₹1,400 resistance (now support).
Indicators:
Supertrend (10,3): Bullish (Green line) – Confirms uptrend.
TEMA (5.9,20): Rising – Momentum favors bulls.
Volume: Spike on upside move (not shown but implied by 13% rally).
🎯 Positional Trade Plan:
✅ Entry:
Buy Zone: ₹1,400-1,430 (Pullback to breakout level).
Confirmation: Close above ₹1,450 with volume.
🛑 Stop Loss:
₹1,300 (Below recent swing low & Supertrend support).
Risk: ~7-8% from entry.
🎯 Target:
Short-Term (1-2 weeks): ₹1,550 (Previous high).
Positional (1-3 months): ₹1,700-1,800 (All-time high zone).
📊 Risk-Reward: 1:3 (₹100 risk vs. ₹300+ reward).
💡 Trading Notes:
Trend Bias: Bullish (Supertrend + Higher Highs/Lows).
Watch For:
Profit-booking near ₹1,500-1,520.
Close below ₹1,400 invalidates setup.
Sector Tailwind: Pharma stocks showing strength.
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.