BANARISUG Weekly | Bullish Breakout from Retracement | Short-Ter
📈 Swing Trade Recommendation (Short-Term):
Buy Zone: ₹4,000–₹4,030 (on dips or closing above ₹4,100)
Target 1: ₹4,400 (Fibo 0.786 level)
Target 2: ₹4,750–₹4,800 (swing high near 1.0 Fibo)
Stoploss: ₹3,825 (below 0.5 Fibo support zone)
🔍 Technical Highlights:
Volume surge confirms strong buying interest (see blue arrow).
RSI breakout suggests new momentum leg forming.
0.618 Fib level reclaimed after long consolidation → bullish bias.
for educational purposes only
Buy Zone: ₹4,000–₹4,030 (on dips or closing above ₹4,100)
Target 1: ₹4,400 (Fibo 0.786 level)
Target 2: ₹4,750–₹4,800 (swing high near 1.0 Fibo)
Stoploss: ₹3,825 (below 0.5 Fibo support zone)
🔍 Technical Highlights:
Volume surge confirms strong buying interest (see blue arrow).
RSI breakout suggests new momentum leg forming.
0.618 Fib level reclaimed after long consolidation → bullish bias.
for educational purposes only
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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.