Chart Pattern: Breakout from a consolidation range. Key Levels:Entry: ₹655.5 Stop Loss (SL): ₹545.10 Expected T1: 777
Observations:
- Strong bullish momentum with a 10.23% move today. -Price consolidating and forming a base -Above key moving averages. -Resilient in Bearish Market -Volume spike indicates strong buying interest. -Strong RSI -Stock is in an Uptrend. -Takes Support at 50 and 200 DMA on each pull back.
Risk-Reward: Favorable setup for swing traders.
⚠️Overall Market is Bearish. We are trading against the trend. Risk Management is important. If your Risk Management is poor then please do not trade.
Disclaimer: This is for educational purposes only, not financial advice.
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