Price Structure:
Liquidity Sweep: Price earlier swept liquidity at the lows (highlighted in yellow circle), which often indicates smart money accumulation.
Dealing Range: Clear defined range with upper resistance near 82.89 and lower support around 44.
Discount Zone: Price traded back into the lower range (discount zone), offering institutional buying opportunity.
Triple Bottom Formation: Strong base formed near ₹60 zone – confirming demand.
📉 Recent Price Action:
A downtrend channel (blue trendline) was broken to the upside.
Today’s green candle shows bullish intent with increased volume.
Market Structure Shift (MSS): Price breaking above minor resistance signals buyers are regaining control.
📈 Future Outlook:
If the triple bottom holds and MSS sustains, stock may start a higher-high, higher-low rally.
First resistance: 72–74 zone (short-term target).
Major resistance: 82.89 (previous high / range top).
A breakout above ₹83 could open the way to ₹90+ levels.
⚠️ Risk Factors:
Breakdown below ₹60 will invalidate bullish setup (triple bottom fails).
Watch overall market sentiment and volume confirmation.
Liquidity Sweep: Price earlier swept liquidity at the lows (highlighted in yellow circle), which often indicates smart money accumulation.
Dealing Range: Clear defined range with upper resistance near 82.89 and lower support around 44.
Discount Zone: Price traded back into the lower range (discount zone), offering institutional buying opportunity.
Triple Bottom Formation: Strong base formed near ₹60 zone – confirming demand.
📉 Recent Price Action:
A downtrend channel (blue trendline) was broken to the upside.
Today’s green candle shows bullish intent with increased volume.
Market Structure Shift (MSS): Price breaking above minor resistance signals buyers are regaining control.
📈 Future Outlook:
If the triple bottom holds and MSS sustains, stock may start a higher-high, higher-low rally.
First resistance: 72–74 zone (short-term target).
Major resistance: 82.89 (previous high / range top).
A breakout above ₹83 could open the way to ₹90+ levels.
⚠️ Risk Factors:
Breakdown below ₹60 will invalidate bullish setup (triple bottom fails).
Watch overall market sentiment and volume confirmation.
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.