Price has broken above the descending trendline after a long consolidation phase.
Structure shows higher lows forming near support, indicating buyers stepping in.
A small retest of the trendline or support zone (₹2,400–₹2,480) is possible before continuation.
If the retest holds, price can resume upward momentum toward higher resistance levels.
Overall: Setup is bullish as long as price stays above the breakout zone.
⚠️ Disclaimer
This is purely educational technical analysis, not financial advice. Always manage your own risk before taking any trade.
Structure shows higher lows forming near support, indicating buyers stepping in.
A small retest of the trendline or support zone (₹2,400–₹2,480) is possible before continuation.
If the retest holds, price can resume upward momentum toward higher resistance levels.
Overall: Setup is bullish as long as price stays above the breakout zone.
⚠️ Disclaimer
This is purely educational technical analysis, not financial advice. Always manage your own risk before taking any trade.
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.