🟢 Buy Recommendation (Breakout Trade)
Entry: Buy only on breakout and daily close above ₹1,420–₹1,430 (above trendline resistance).
Target 1: ₹1,550
Target 2: ₹1,650
Stop Loss: ₹1,320 (below recent consolidation support)
📌 Rationale: If price breaks above the trendline on good volume and closes above ₹1,430, a trend reversal may begin.
🔴 Sell/Short Recommendation (Rejection Trade)
Entry: Sell if the price gets rejected from ₹1,400–₹1,420 and shows a red candle (confirmation).
Target 1: ₹1,280
Target 2: ₹1,180
Stop Loss: ₹1,445 (above the trendline)
📌 Rationale: If the price fails to break the trendline, it could resume the downtrend. RSI is overbought, and sellers might take over.
🔴 Sell/Short Recommendation (Rejection Trade)
Entry: Sell if the price gets rejected from ₹1,400–₹1,420 and shows a red candle (confirmation).
Target 1: ₹1,280
Target 2: ₹1,180
Stop Loss: ₹1,445 (above the trendline)
📌 Rationale: If the price fails to break the trendline, it could resume the downtrend. RSI is overbought, and sellers might take over.
for educational purposes only
Entry: Buy only on breakout and daily close above ₹1,420–₹1,430 (above trendline resistance).
Target 1: ₹1,550
Target 2: ₹1,650
Stop Loss: ₹1,320 (below recent consolidation support)
📌 Rationale: If price breaks above the trendline on good volume and closes above ₹1,430, a trend reversal may begin.
🔴 Sell/Short Recommendation (Rejection Trade)
Entry: Sell if the price gets rejected from ₹1,400–₹1,420 and shows a red candle (confirmation).
Target 1: ₹1,280
Target 2: ₹1,180
Stop Loss: ₹1,445 (above the trendline)
📌 Rationale: If the price fails to break the trendline, it could resume the downtrend. RSI is overbought, and sellers might take over.
🔴 Sell/Short Recommendation (Rejection Trade)
Entry: Sell if the price gets rejected from ₹1,400–₹1,420 and shows a red candle (confirmation).
Target 1: ₹1,280
Target 2: ₹1,180
Stop Loss: ₹1,445 (above the trendline)
📌 Rationale: If the price fails to break the trendline, it could resume the downtrend. RSI is overbought, and sellers might take over.
for educational purposes only
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.