The chart shows a strong support zone around ₹2,100–₹2,150, where the price has taken multiple bounces in the past. A descending resistance trendline from previous swing highs is currently being tested — indicating a possible trend reversal zone.
The recent green candle with volume suggests early buying interest near support. If the price breaks and sustains above ₹2,320–₹2,340, it may confirm a bullish breakout, targeting ₹2,540 and ₹2,720 levels.
Entry Zone: ~ CMP
Stop Loss: ~ ₹2,120
Targets: ~ ₹2,537 → ₹2,720
This setup offers a low-risk, high-reward opportunity — with tight stoploss placement below support.
#AngelOne #BrokerageStocks #BreakoutSetup #WeeklyChart #TechnicalAnalysis #NSE #IndianMarkets #SwingTrade
The recent green candle with volume suggests early buying interest near support. If the price breaks and sustains above ₹2,320–₹2,340, it may confirm a bullish breakout, targeting ₹2,540 and ₹2,720 levels.
Entry Zone: ~ CMP
Stop Loss: ~ ₹2,120
Targets: ~ ₹2,537 → ₹2,720
This setup offers a low-risk, high-reward opportunity — with tight stoploss placement below support.
#AngelOne #BrokerageStocks #BreakoutSetup #WeeklyChart #TechnicalAnalysis #NSE #IndianMarkets #SwingTrade
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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.