Vintage Coffee & Beverages: Rectangle Pattern Swing Trade Setup
BUY Setup ☕
Entry: ₹168-169 (Current Level)
Target 1: ₹172-173
Target 2: ₹174-176
Target 3: ₹180+ (Breakout Extension)
Stop Loss: ₹164
Technical Rationale:
Rectangle consolidation pattern (160-169) visible on 1-hour chart (blue shaded zone)
Holding strong at upper range of consolidation
Volume spike highlighted (blue arrow) - showing buying interest
Strong uptrend from 144 to current levels
Trading above rising EMA - bullish trend intact
RSI trending upward around 70 - strong momentum
Small-cap F&B stock showing resilience
Volume at 1.31M - decent for 1H timeframe
Multiple resistance levels clearly marked: 172, 174, 176
Support well-established at 164-165 zone
Coiling pattern - compression before expansion
Risk-Reward: Good 1:3+ ratio
Pattern: Rectangle consolidation on 1H chart - typically a continuation pattern after strong uptrend
Strategy: Intraday to short-term swing (1-3 days)
Book 40% at T1 (172.50), 30% at T2 (175), trail remaining with SL at 169 after T1
Aggressive traders can add on break above 169.50 with volume
Key Levels:
Breakout Zone: 169-170 (upper rectangle boundary)
Strong Resistance: 172, 174, 176
Critical Support: 164, 162, 160 (rectangle base)
Timeframe: 1-hour chart - suitable for intraday/swing traders
Volume Analysis: Recent volume spike (highlighted) suggests accumulation at upper range - bullish sign
Sector: F&B/FMCG - relatively defensive sector
Note: Currently showing strength with +0.36% gain. Watch for breakout above 169.50 with volume for confirmation.
Disclaimer: For educational purposes only. Not SEBI registered.
Entry: ₹168-169 (Current Level)
Target 1: ₹172-173
Target 2: ₹174-176
Target 3: ₹180+ (Breakout Extension)
Stop Loss: ₹164
Technical Rationale:
Rectangle consolidation pattern (160-169) visible on 1-hour chart (blue shaded zone)
Holding strong at upper range of consolidation
Volume spike highlighted (blue arrow) - showing buying interest
Strong uptrend from 144 to current levels
Trading above rising EMA - bullish trend intact
RSI trending upward around 70 - strong momentum
Small-cap F&B stock showing resilience
Volume at 1.31M - decent for 1H timeframe
Multiple resistance levels clearly marked: 172, 174, 176
Support well-established at 164-165 zone
Coiling pattern - compression before expansion
Risk-Reward: Good 1:3+ ratio
Pattern: Rectangle consolidation on 1H chart - typically a continuation pattern after strong uptrend
Strategy: Intraday to short-term swing (1-3 days)
Book 40% at T1 (172.50), 30% at T2 (175), trail remaining with SL at 169 after T1
Aggressive traders can add on break above 169.50 with volume
Key Levels:
Breakout Zone: 169-170 (upper rectangle boundary)
Strong Resistance: 172, 174, 176
Critical Support: 164, 162, 160 (rectangle base)
Timeframe: 1-hour chart - suitable for intraday/swing traders
Volume Analysis: Recent volume spike (highlighted) suggests accumulation at upper range - bullish sign
Sector: F&B/FMCG - relatively defensive sector
Note: Currently showing strength with +0.36% gain. Watch for breakout above 169.50 with volume for confirmation.
Disclaimer: For educational purposes only. Not SEBI registered.
Trade attivo
Target 2: ₹174-176 done
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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.