RSI Cross + Rounding Base = Bullish Setup! 🔋🚀
🔍 Technical Breakdown
📈 Trade Setup
📊 Indicators
⚖️ Risk-Reward
RRR: ~1:3 — attractive setup for swing traders
🔍 Technical Breakdown
- Pattern: Rounding bottom formation after prolonged downtrend.
- Momentum Trigger: RSI breakout above 60 indicates fresh buying momentum.
- Volume: Steady build-up in volume—accumulation phase might be over.
📈 Trade Setup
- Entry: ₹372–₹373 (current breakout zone)
- Stop Loss: ₹350.80 (just below recent swing low/support)
- Target: ₹432.90 (previous supply zone)
📊 Indicators
- RSI: 61 – strong bullish momentum
- Volume: Healthy participation visible
- Structure: Price curling up with consistent higher lows—indicative of strength
⚖️ Risk-Reward
RRR: ~1:3 — attractive setup for swing traders
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.