Aditya Infotech, one of the newly listed stocks, has delivered an impressive breakout above its all-time high, showcasing strong bullish momentum and renewed investor interest. After this sharp rally, the stock is now retesting the ₹1470 zone, which earlier acted as a key resistance level and could now flip into a strong support area.
If Aditya Infotech sustains above ₹1470 for a day, it would signal a successful breakout retest, potentially setting the stage for the next leg of the rally towards ₹1700.
📈 Trading Setup:
* Buy Zone: Above ₹1470 (post-sustainability confirmation)
* Target: ₹1700
* Stop-Loss: ₹1390–₹1395
The structure remains bullish, and a bounce from the current level could attract fresh momentum traders. A strong close above ₹1470 would further validate the breakout and indicate that the bulls are firmly in control.
If Aditya Infotech sustains above ₹1470 for a day, it would signal a successful breakout retest, potentially setting the stage for the next leg of the rally towards ₹1700.
📈 Trading Setup:
* Buy Zone: Above ₹1470 (post-sustainability confirmation)
* Target: ₹1700
* Stop-Loss: ₹1390–₹1395
The structure remains bullish, and a bounce from the current level could attract fresh momentum traders. A strong close above ₹1470 would further validate the breakout and indicate that the bulls are firmly in control.
Trade closed: target reached
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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.