Chart Summary 📊 (as of April 2, 2025)
Current Price: ₹139.77
Support Zone: ₹132–₹134 (marked in red on your chart)
Resistance Zone: ₹150–₹155 (immediate), then ₹175+
RSI: 49.05 — Neutral, poised for either reversal or consolidation breakout
Structure: Sideways consolidation after a strong downtrend; forming a potential base
Trade Idea 🛠️: Positional Swing Trade (Risk-Reward Based)
Buy Zone ₹138 – ₹141
Stop Loss ₹133.70 (as per chart)
Target 1 ₹155
Target 2 ₹175
Target 3 ₹223 (as per chart idea)
Risk-Reward ~1:3 (excellent)
Why This Setup Looks Good ? 🎯
✅ Price holding above key support (~₹134) for several sessions
✅ RSI is stabilizing near 50 — ideal for pre-breakout build-up
✅ Volume remains in check — accumulation possible
✅ Reward-to-risk ratio is favorable if SL holds
🔔 Trigger for Entry
Current Price: ₹139.77
Support Zone: ₹132–₹134 (marked in red on your chart)
Resistance Zone: ₹150–₹155 (immediate), then ₹175+
RSI: 49.05 — Neutral, poised for either reversal or consolidation breakout
Structure: Sideways consolidation after a strong downtrend; forming a potential base
Trade Idea 🛠️: Positional Swing Trade (Risk-Reward Based)
Buy Zone ₹138 – ₹141
Stop Loss ₹133.70 (as per chart)
Target 1 ₹155
Target 2 ₹175
Target 3 ₹223 (as per chart idea)
Risk-Reward ~1:3 (excellent)
Why This Setup Looks Good ? 🎯
✅ Price holding above key support (~₹134) for several sessions
✅ RSI is stabilizing near 50 — ideal for pre-breakout build-up
✅ Volume remains in check — accumulation possible
✅ Reward-to-risk ratio is favorable if SL holds
🔔 Trigger for Entry
- You can enter gradually in the ₹138–₹141 zone
- Watch for a break above ₹143–₹145 with volume → confirms breakout
- Avoid trade if price closes below ₹133 with red candle and volume
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.