🛠 Chart Pattern: The chart indicates a V-shaped recovery from the recent lows around ₹275 levels, forming a rounded bottom structure.
📊 Breakout Zone: Price has broken above short-term resistance near ₹315–₹320 zone on strong bullish candles.
📈 Momentum Indicator: RSI has broken above 60, currently around ~61.13, suggesting increasing bullish momentum.
🔥 Volume: Notable spike observed during breakout, confirming buying interest.
💡 Potential Setup:
• Entry on Breakout: ₹325+ (already in progress)
• Targets: ₹345 / ₹365 / ₹395
• Stoploss: Closing below ₹310 or below breakout candle low
🧠 Positional/Swing Trade Setup: Traders can consider entry on dips near ₹315–₹320 or on sustained move above ₹330 with volume confirmation.
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⚠️ Disclaimer:
This chart analysis is provided strictly for educational and informational purposes only.
It does not constitute investment advice or a solicitation to buy/sell any securities.
Always consult a SEBI-registered financial advisor before making trading decisions.
Finsight Research | #TradeWithKnowledge
Disclaimer
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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.