📊 1. Pattern & Breakout
✅ Cup & Handle-type consolidation breakout with a strong vertical move.
Entry is well-placed around ₹140–₹142, which aligns with:
Fibonacci 0.618 retracement zone (acting as a support)
Prior resistance-turned-support area (highlighted)
The breakout candle came with huge volume, confirming buyer conviction.
🔎 2. Key Levels Overview
Parameter Value (Approx)
📌 Entry Zone ₹140–₹142
🧯 Stop Loss (SL) ₹132–₹134 (tight)
🎯 Target 1 ₹159–₹160 (7.2% gain)
🎯 Target 2 ₹166–₹168 (11.6% gain)
🔁 Risk:Reward ~1:2 to 1:3
🧠 Trade Structure Insights
The pullback after breakout gave a healthy retest — perfect entry opportunity.
Targets are defined using:
Previous price action resistance
Measured move concept from breakout leg
⚠️ Notes for Traders
A very strong breakout bar followed by controlled pullback is a positive structure.
SL is tight, and RSI/volume divergence checks are advisable for caution near ₹160.
Positional traders can trail SL once ₹160 is achieved to ride toward ₹168.
🧾 Trade Summary
Type Notes
📈 Setup Breakout with retest from accumulation + volume confirmation
🎯 Target ₹160 (T1), ₹168 (T2)
🧯 Stop Loss ₹132 (below Fib & support zone)
📆 Duration Swing trade, 1–2 weeks
✅ Cup & Handle-type consolidation breakout with a strong vertical move.
Entry is well-placed around ₹140–₹142, which aligns with:
Fibonacci 0.618 retracement zone (acting as a support)
Prior resistance-turned-support area (highlighted)
The breakout candle came with huge volume, confirming buyer conviction.
🔎 2. Key Levels Overview
Parameter Value (Approx)
📌 Entry Zone ₹140–₹142
🧯 Stop Loss (SL) ₹132–₹134 (tight)
🎯 Target 1 ₹159–₹160 (7.2% gain)
🎯 Target 2 ₹166–₹168 (11.6% gain)
🔁 Risk:Reward ~1:2 to 1:3
🧠 Trade Structure Insights
The pullback after breakout gave a healthy retest — perfect entry opportunity.
Targets are defined using:
Previous price action resistance
Measured move concept from breakout leg
⚠️ Notes for Traders
A very strong breakout bar followed by controlled pullback is a positive structure.
SL is tight, and RSI/volume divergence checks are advisable for caution near ₹160.
Positional traders can trail SL once ₹160 is achieved to ride toward ₹168.
🧾 Trade Summary
Type Notes
📈 Setup Breakout with retest from accumulation + volume confirmation
🎯 Target ₹160 (T1), ₹168 (T2)
🧯 Stop Loss ₹132 (below Fib & support zone)
📆 Duration Swing trade, 1–2 weeks
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.