Stock: Fusion Microfinance Ltd
Timeframe: 1D (Daily)
Fusion has successfully broken out above the ₹188–₹190 resistance zone on strong volume. The breakout indicates a possible trend continuation after a long consolidation.
📊 Trade Plan:
• Entry Zone: ₹193–₹196
• Stop-Loss: ₹182 (below breakout zone and swing low)
• Target 1: ₹210
• Target 2: ₹225
• Target 3: ₹240 (if momentum continues)
🔍 Setup Highlights:
• Clean horizontal range breakout
• Volume spike confirms buying strength
• Still below 200 EMA (longer-term resistance near ₹250–₹260)
🔧 Ideal for swing traders looking for breakouts with defined risk.
⸻
🔻 Disclaimer:
This chart idea is for educational purposes only and does not constitute investment advice. Trading and investing involve risk. Always consult a financial advisor before making any decisions.
Timeframe: 1D (Daily)
Fusion has successfully broken out above the ₹188–₹190 resistance zone on strong volume. The breakout indicates a possible trend continuation after a long consolidation.
📊 Trade Plan:
• Entry Zone: ₹193–₹196
• Stop-Loss: ₹182 (below breakout zone and swing low)
• Target 1: ₹210
• Target 2: ₹225
• Target 3: ₹240 (if momentum continues)
🔍 Setup Highlights:
• Clean horizontal range breakout
• Volume spike confirms buying strength
• Still below 200 EMA (longer-term resistance near ₹250–₹260)
🔧 Ideal for swing traders looking for breakouts with defined risk.
⸻
🔻 Disclaimer:
This chart idea is for educational purposes only and does not constitute investment advice. Trading and investing involve risk. Always consult a financial advisor before making any decisions.
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.