Arham Technologies – Fibonacci Reversal + Bullish Monthly Breakout Setup
Timeframe: Monthly
CMP: ₹140.85
Key Levels:
0.382 Fib: ₹121.45
0.236 Fib: ₹144.97
Swing High: ₹183
Major Support: ₹75.10
📈 Technical Overview
Arham Technologies has completed a multi-month correction from its ₹183 peak and has taken perfect support near the 0.5 Fibonacci level (₹102.44). This is a classical correction-completion zone in midcap momentum stocks.
The current monthly candle shows strong bullish momentum (+29%), confirming a trend reversal from the Fib retracement zone.
Key Observations
✔ Price reversed exactly from 0.5 Fibonacci retracement (₹102.44)
✔ Bullish engulfing candle breaking above 0.382 Fib (₹121.45)
✔ MACD flattening & turning upward → momentum recovery starting
✔ RSI bouncing strongly from oversold region
✔ Volume curve improving after consolidation
✔ Next major resistance at 0.236 Fib (₹144.97)
This structure indicates a fresh impulse wave may begin.
📊 Arthavidhi Trade Setup
🔹 Entry
Aggressive Entry: ₹138–₹142 (current zone)
Safe Entry: On monthly close above ₹145 (0.236 Fib breakout)
🔹 Stop-Loss (Monthly Close Basis)
₹102.44 (Fib 0.5 level + structural support)
Conservative SL: ₹75.10
🔹 Upside Targets
T1 → ₹155
(near-term Fib extension resistance)
T2 → ₹170
(previous supply zone)
T3 → ₹183+
(previous ATH — breakout possible if volume expands)
T4 → ₹210+ (positional)
(If ATH breaks with strong momentum)
🎯 Trade Logic
The stock has respected golden Fib levels, which usually mark the end of correction.
Strong bullish monthly candle after 6–8 months of consolidation.
MACD + RSI structure indicates fresh momentum cycle.
Above ₹145, the stock enters free bullish territory toward ₹170 / ₹183.
This is a high-probability reversal setup commonly seen in early-stage multi-bagger stocks.
⚠️ Risk Management
Do not use intraday SL; only consider monthly close.
Risk per trade ≤ 1–1.5% of capital.
Avoid fresh buying if price rejects from ₹145 on monthly closing.
“Arham Technologies has completed a clean Fibonacci correction and is now breaking above the 0.382 Fib zone with a strong bullish monthly candle. Above ₹145, the stock can aim for ₹155 → ₹170 → ₹183. Monthly SL: ₹102.44.”
Timeframe: Monthly
CMP: ₹140.85
Key Levels:
0.382 Fib: ₹121.45
0.236 Fib: ₹144.97
Swing High: ₹183
Major Support: ₹75.10
📈 Technical Overview
Arham Technologies has completed a multi-month correction from its ₹183 peak and has taken perfect support near the 0.5 Fibonacci level (₹102.44). This is a classical correction-completion zone in midcap momentum stocks.
The current monthly candle shows strong bullish momentum (+29%), confirming a trend reversal from the Fib retracement zone.
Key Observations
✔ Price reversed exactly from 0.5 Fibonacci retracement (₹102.44)
✔ Bullish engulfing candle breaking above 0.382 Fib (₹121.45)
✔ MACD flattening & turning upward → momentum recovery starting
✔ RSI bouncing strongly from oversold region
✔ Volume curve improving after consolidation
✔ Next major resistance at 0.236 Fib (₹144.97)
This structure indicates a fresh impulse wave may begin.
📊 Arthavidhi Trade Setup
🔹 Entry
Aggressive Entry: ₹138–₹142 (current zone)
Safe Entry: On monthly close above ₹145 (0.236 Fib breakout)
🔹 Stop-Loss (Monthly Close Basis)
₹102.44 (Fib 0.5 level + structural support)
Conservative SL: ₹75.10
🔹 Upside Targets
T1 → ₹155
(near-term Fib extension resistance)
T2 → ₹170
(previous supply zone)
T3 → ₹183+
(previous ATH — breakout possible if volume expands)
T4 → ₹210+ (positional)
(If ATH breaks with strong momentum)
🎯 Trade Logic
The stock has respected golden Fib levels, which usually mark the end of correction.
Strong bullish monthly candle after 6–8 months of consolidation.
MACD + RSI structure indicates fresh momentum cycle.
Above ₹145, the stock enters free bullish territory toward ₹170 / ₹183.
This is a high-probability reversal setup commonly seen in early-stage multi-bagger stocks.
⚠️ Risk Management
Do not use intraday SL; only consider monthly close.
Risk per trade ≤ 1–1.5% of capital.
Avoid fresh buying if price rejects from ₹145 on monthly closing.
“Arham Technologies has completed a clean Fibonacci correction and is now breaking above the 0.382 Fib zone with a strong bullish monthly candle. Above ₹145, the stock can aim for ₹155 → ₹170 → ₹183. Monthly SL: ₹102.44.”
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.