*Accumulation/Distribution: Long consolidation near ₹270–₹311
*Break of Structure (BOS): Trendline breakout + recent close above prior top
*Neutral toward Bullish: Awaiting volume and price action confirmation to validate trend shift
1. Defined Range Structure
Support ~₹270 (red line) holding over 4+ months
Resistance ~₹311–₹315 (blue line) tested multiple times before today
2. Possible Breakout Attempt
Price has breached the descending trend line—an early mark of bullish structure shift
Close is marginally above resistance, but lacks volume confirmation for breakout validation
3. Volume & Confirmation
No substantial volume spike yet—breakouts typically require accompanying volume
Watch for multi-session closes above ₹315 with sustained volume to support continuation
4. Pullback as an Opportunity
Retracing into ₹305–₹310 could form a higher-low
Such a move would align with healthy trend behavior, offering clearer structure and stronger validation
*Break of Structure (BOS): Trendline breakout + recent close above prior top
*Neutral toward Bullish: Awaiting volume and price action confirmation to validate trend shift
1. Defined Range Structure
Support ~₹270 (red line) holding over 4+ months
Resistance ~₹311–₹315 (blue line) tested multiple times before today
2. Possible Breakout Attempt
Price has breached the descending trend line—an early mark of bullish structure shift
Close is marginally above resistance, but lacks volume confirmation for breakout validation
3. Volume & Confirmation
No substantial volume spike yet—breakouts typically require accompanying volume
Watch for multi-session closes above ₹315 with sustained volume to support continuation
4. Pullback as an Opportunity
Retracing into ₹305–₹310 could form a higher-low
Such a move would align with healthy trend behavior, offering clearer structure and stronger validation
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.