AAATECH Breakout

📊 Chart Overview (Daily – D1)
Metric Value
🔹 CMP ₹92.47
🔹 Daily Move +₹10.13 (+12.30%)
🔹 Volume 292K (Above average = Volume spike)
🔹 Support ₹82–84 (Volume support + 0.382 fib)
🔹 Resistance ₹97–100 (key level to watch)
🔹 Recent breakout One-month range breakout confirmed

🔍 Technical Highlights
✅ Breakout: Price broke a tight one-month consolidation range with good volume – strong bullish signal.

🔼 Fib Levels: Currently hovering between 0.382 and 0.5 retracement; next zone to clear is above 0.5 (~₹97+).

⚠️ Overextended Candle: One-day move of +12% – indicates potential for pullback before fresh entry.

📉 Wait for Retest: “Wait for entry region as it moved 17% in a day” – This aligns with ideal re-entry planning (₹84–88 zone).

🔄 Reversal Potential: After long downtrend, a short-term trend reversal is possibly underway.

🧠 Strategy Plan
Trade Setup Swing / Momentum Trade
📌 Entry Zone ₹84–88 (near fib 0.382 zone)
🛑 Stop Loss ₹78 (below recent base)
🎯 Target 1 ₹100–104 (short-term)
🎯 Target 2 ₹110+ (if breaks resistance)
📐 Risk-Reward ~1:1.5 (entry near ₹85, SL ₹78, Target ₹100)

📌 Final Notes
✅ Volume-supported breakout
✅ Clear Fibonacci structure
⏳ Wait for healthy pullback or consolidation to enter
🚫 Avoid chasing after parabolic move
🔁 Consider adding only partial quantity on breakout continuation, rest on pullback