SHARDAMOTR Keep it in your radar

🟢 SHARDA MOTOR (NSE: SHARDAMOTR) – Chart Analysis (Daily)
📌 Key Takeaways:
Indicator Observation
CMP ₹1,190.60
Pattern Bullish flag/pennant breakout & retest ✅
Volume 1.28M (confirmed breakout with volume) ✅
Fibonacci Level Retested 0.5 (₹1,052 zone) and bounced strongly ✅
Resistance Zone ₹1,215–1,250 (previous high zone) 🔁
Next Target Zone ₹1,300–₹1,375 (based on Fib extension) 🟢
Stoploss (SL) Below ₹1,100 (strong support + invalidation) ❌

📈 Technical Structure
✅ Strong impulsive leg from ~₹830 to ₹1,219.

✅ Retracement from ₹1,219 → ₹1,052 (almost perfect 50% Fib).

✅ Breakout candle closed above the prior high with highest recent volume — major confirmation.

✅ Currently trading just before resistance zone (₹1,215–₹1,250). Once crossed, rally can extend swiftly.

🎯 Updated Swing Trade Plan
Action Price Range
Buy ₹1,170–₹1,195 (current)
Stop Loss ₹1,099 (below structure)
Target 1 ₹1,250 (previous high)
Target 2 ₹1,300–₹1,325 (1.272–1.414 Fib ext)
Target 3 (Trail) ₹1,375–₹1,400 (measured move)
Risk:Reward ~1:2 or higher ✅

🔍 Confidence Factors
✅ Volume = Confirmed
✅ Retest = Done
✅ Fibonacci = Aligned
✅ Price structure = Strong
✅ Risk-Reward = Favorable
📛 No signs of weakness yet

📦 Summary for Swing Tracker
🟩 SHARDAMOTR looks ready for next leg up after textbook breakout + retest.

🎯 Ideal for positional/swing traders targeting 5–15% upside with a clear SL.

📊 Suitable to include in a swing portfolio report with CAMPUS, NETWORK18, AKZO, etc.