Key Observations
Breakout: Stock broke out above resistance (~₹653) in mid-August.
Retest: Price pulled back, successfully retested that breakout level (~₹653) as support.
Support Holding: Holding above this level signals strength.
New Entry Zone: Current move above ₹653 confirms continuation of uptrend.
Key Levels
Immediate Support: ₹653.25 (recent breakout + retest level).
Major Support: ₹612.15 (must hold for medium-term bullish structure).
Near-term Resistance / Targets:
₹693
₹715
₹740
Beyond that, momentum could stretch to ₹760+.
Volume Analysis
Strong buying spikes near breakout zone.
Recent pullback had lower volume → indicating profit-taking, not heavy selling.
Bias: Bullish continuation, since it held breakout retest strongly. Looks like a good swing entry with clear risk management.
⚠️ Disclaimer: This chart is for educational purposes only.
Regulatory Note: We are an independent development team. Our services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions
Breakout: Stock broke out above resistance (~₹653) in mid-August.
Retest: Price pulled back, successfully retested that breakout level (~₹653) as support.
Support Holding: Holding above this level signals strength.
New Entry Zone: Current move above ₹653 confirms continuation of uptrend.
Key Levels
Immediate Support: ₹653.25 (recent breakout + retest level).
Major Support: ₹612.15 (must hold for medium-term bullish structure).
Near-term Resistance / Targets:
₹693
₹715
₹740
Beyond that, momentum could stretch to ₹760+.
Volume Analysis
Strong buying spikes near breakout zone.
Recent pullback had lower volume → indicating profit-taking, not heavy selling.
Bias: Bullish continuation, since it held breakout retest strongly. Looks like a good swing entry with clear risk management.
⚠️ Disclaimer: This chart is for educational purposes only.
Regulatory Note: We are an independent development team. Our services are not registered or licensed by any regulatory body in India, the U.S., the U.K., or any global financial authority. Please consult a licensed advisor before making trading decisions
Creator of “VaultSignal Weekly, SignalSurge Daily, ProChart Future Hourly, – Invite-only scripts. Access available via profile. t.me/+Mdc4fo9qxn8zNzI1
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.
Creator of “VaultSignal Weekly, SignalSurge Daily, ProChart Future Hourly, – Invite-only scripts. Access available via profile. t.me/+Mdc4fo9qxn8zNzI1
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.