Positional Setup for PSP Projects Ltd (NSE)
CMP: ₹691.00
Breakout Level: ₹675–680
Previous Resistance: ₹737
Indicators:
Supertrend: Bullish confirmation
TEMA 5/9/20: Strong upward slope
Volume/Price Action: Powerful breakout from long consolidation, tested higher resistance around ₹737, pulled back near breakout zone—healthy retest
📈 Technical View (Positional)
PSP Projects has broken out of a year-long consolidation.
Resistance at ₹737 was tested intraday, suggesting bulls are in control.
Now hovering near breakout zone, offering a low-risk entry for positional trade.
🚀 Positional Targets:
Target 1: ₹737
Target 2: ₹804
Target 3: ₹838
Stop-Loss (Closing Basis): ₹655
CMP: ₹691.00
Breakout Level: ₹675–680
Previous Resistance: ₹737
Indicators:
Supertrend: Bullish confirmation
TEMA 5/9/20: Strong upward slope
Volume/Price Action: Powerful breakout from long consolidation, tested higher resistance around ₹737, pulled back near breakout zone—healthy retest
📈 Technical View (Positional)
PSP Projects has broken out of a year-long consolidation.
Resistance at ₹737 was tested intraday, suggesting bulls are in control.
Now hovering near breakout zone, offering a low-risk entry for positional trade.
🚀 Positional Targets:
Target 1: ₹737
Target 2: ₹804
Target 3: ₹838
Stop-Loss (Closing Basis): ₹655
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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.