Key Levels:
Entry Point: The breakout from the handle, around the ₹1,198.45 level, suggests a potential entry point.
Target Price: The measured move from the bottom of the cup to the resistance level (height of the cup) is projected upwards, targeting around ₹1,386.50, which is approximately 17-19% above the entry point.
Stop Loss: Positioned near ₹1,150.25, which is slightly below the recent swing low to manage risk.
My View:
Bullish Bias: The successful breakout from the handle suggests a continuation of the uptrend, making it a bullish signal.
Risk Management: The stop loss level is appropriately set to limit potential downside risk.
Volume Confirmation: A notable increase in trading volume would provide additional confirmation for the strength of the breakout.
Entry Point: The breakout from the handle, around the ₹1,198.45 level, suggests a potential entry point.
Target Price: The measured move from the bottom of the cup to the resistance level (height of the cup) is projected upwards, targeting around ₹1,386.50, which is approximately 17-19% above the entry point.
Stop Loss: Positioned near ₹1,150.25, which is slightly below the recent swing low to manage risk.
My View:
Bullish Bias: The successful breakout from the handle suggests a continuation of the uptrend, making it a bullish signal.
Risk Management: The stop loss level is appropriately set to limit potential downside risk.
Volume Confirmation: A notable increase in trading volume would provide additional confirmation for the strength of the breakout.
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.
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.