BUY Setup ⚡
Entry: ₹1,803-1,810 (Current Level)
Target 1: ₹1,832-1,840
Target 2: ₹1,851-1,860
Target 3: ₹1,875-1,890 (Extended)
Stop Loss: ₹1,775
Technical Rationale:
Massive breakout from rectangle consolidation (1,600-1,800 range)
Explosive +5.00% surge with exceptional volume (84.66K)
Breaking above long-term resistance at 1,800 with strong conviction
RSI spiking to 69.43 - strong bullish momentum
Gap-up opening showing institutional buying interest
Trading well above EMA (1,663.41) confirming uptrend
V-shaped recovery from October lows
Power electronics/rectifier sector gaining traction
Multiple resistance levels mapped: 1,832, 1,851, 1,875
Clear support established at 1,747-1,775 zone
Volume significantly above average confirming breakout
Risk-Reward: Good 1:2.5+ ratio
Pattern: Rectangle breakout + Gap-up - powerful combination for continuation
Strategy: Short to medium-term swing - Book 35% at T1 (1,835), 35% at T2 (1,855), trail remaining with SL at 1,810 after T1
Key Levels:
Breakout Zone: 1,800 (critical level crossed)
Strong Resistance: 1,832, 1,851, 1,875
Major Support: 1,775, 1,747, 1,720
Sector Catalyst:
Power sector demand increasing
Electronics manufacturing push
Infrastructure spending
Caution: Already up 5% today - consider waiting for minor pullback to 1,790-1,795 for better entry, or enter in tranches
Disclaimer: For educational purposes only. Not SEBI registered.
Entry: ₹1,803-1,810 (Current Level)
Target 1: ₹1,832-1,840
Target 2: ₹1,851-1,860
Target 3: ₹1,875-1,890 (Extended)
Stop Loss: ₹1,775
Technical Rationale:
Massive breakout from rectangle consolidation (1,600-1,800 range)
Explosive +5.00% surge with exceptional volume (84.66K)
Breaking above long-term resistance at 1,800 with strong conviction
RSI spiking to 69.43 - strong bullish momentum
Gap-up opening showing institutional buying interest
Trading well above EMA (1,663.41) confirming uptrend
V-shaped recovery from October lows
Power electronics/rectifier sector gaining traction
Multiple resistance levels mapped: 1,832, 1,851, 1,875
Clear support established at 1,747-1,775 zone
Volume significantly above average confirming breakout
Risk-Reward: Good 1:2.5+ ratio
Pattern: Rectangle breakout + Gap-up - powerful combination for continuation
Strategy: Short to medium-term swing - Book 35% at T1 (1,835), 35% at T2 (1,855), trail remaining with SL at 1,810 after T1
Key Levels:
Breakout Zone: 1,800 (critical level crossed)
Strong Resistance: 1,832, 1,851, 1,875
Major Support: 1,775, 1,747, 1,720
Sector Catalyst:
Power sector demand increasing
Electronics manufacturing push
Infrastructure spending
Caution: Already up 5% today - consider waiting for minor pullback to 1,790-1,795 for better entry, or enter in tranches
Disclaimer: For educational purposes only. Not SEBI registered.
Trade active
Target 2: ₹1,851-1,860 DONETrade closed: target reached
Target 3: ₹1,875-1,890 (Extended) done
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.