Entry: ₹941-945 (Current Level)
Target 1: ₹971-975
Target 2: ₹988-995
Target 3: ₹1,020+ (Extended)
Stop Loss: ₹925
Technical Rationale:
Powerful breakout from prolonged consolidation (870-940)
Strong bullish momentum with +3.02% gain today
Massive volume spike (441.46K) - significantly above average
RSI trending upward near 60, showing strong momentum
Price breaking above key resistance at 931-940 zone
Fresh 52-week high territory - no overhead resistance
Auto sector tailwinds supporting glass demand
Clear support established at breakout level (931)
Risk-Reward: Excellent 1:3+ ratio
Strategy: Momentum breakout play - Book 30% at Target 1, 30% at Target 2, trail remaining with SL at 960 after T1
Key Levels to Watch:
Support: 931, 920
Resistance: 971, 988, 1,000 (psychological)
Target 1: ₹971-975
Target 2: ₹988-995
Target 3: ₹1,020+ (Extended)
Stop Loss: ₹925
Technical Rationale:
Powerful breakout from prolonged consolidation (870-940)
Strong bullish momentum with +3.02% gain today
Massive volume spike (441.46K) - significantly above average
RSI trending upward near 60, showing strong momentum
Price breaking above key resistance at 931-940 zone
Fresh 52-week high territory - no overhead resistance
Auto sector tailwinds supporting glass demand
Clear support established at breakout level (931)
Risk-Reward: Excellent 1:3+ ratio
Strategy: Momentum breakout play - Book 30% at Target 1, 30% at Target 2, trail remaining with SL at 960 after T1
Key Levels to Watch:
Support: 931, 920
Resistance: 971, 988, 1,000 (psychological)
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.