After a prolonged consolidation, the price has broken below the support trendline, confirming a bearish breakdown. The structure is showing weakness with lower highs and consistent selling pressure.
Entry: Around 376
Stop Loss (SL): 381
Target: 297
Risk-Reward Ratio (RR): ~3.5
The breakdown is backed by volume and trendline rejection, suggesting further downside potential if momentum continues.
⚠️ Disclaimer: I am not SEBI registered. This analysis is shared for educational purposes only. Please consult your financial advisor before making any investment decisions.
Entry: Around 376
Stop Loss (SL): 381
Target: 297
Risk-Reward Ratio (RR): ~3.5
The breakdown is backed by volume and trendline rejection, suggesting further downside potential if momentum continues.
⚠️ Disclaimer: I am not SEBI registered. This analysis is shared for educational purposes only. Please consult your financial advisor before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.