BUY Setup 💊
Entry: ₹924-930 (Current Level)
Target 1: ₹963-970
Target 2: ₹980-990
Target 3: ₹1,000+ (Extended)
Stop Loss: ₹902
Technical Rationale:
Breaking above key resistance at 925 level with momentum
Strong recovery from recent dip with +0.24% gain
4-hour chart showing bullish reversal pattern
Price reclaiming position above both EMAs
W-pattern (double bottom) formation visible - bullish reversal
RSI trending upward around 70, showing momentum
Volume at 1.35M supporting the breakout
Clear support established at 902 level
Multiple resistance levels: 950, 963, 980, 1,000
Pharma sector showing resilience
Breaking above previous high at 950 zone
Risk-Reward: Good 1:3+ ratio
Pattern: Double bottom/W-pattern breakout - classic bullish reversal on 4H timeframe
Strategy: Intraday to short-term swing - Book 35% at T1 (965), 35% at T2 (985), trail remaining with SL at 930 after T1
Key Levels:
Breakout Zone: 925 (now support)
Strong Resistance: 950, 963, 980, 1,000
Critical Support: 902, 875
For educational purposes only. Not SEBI registered. 4H chart analysis for short-term trades. Watch 902 support closely. Conduct your own research before investing.
Entry: ₹924-930 (Current Level)
Target 1: ₹963-970
Target 2: ₹980-990
Target 3: ₹1,000+ (Extended)
Stop Loss: ₹902
Technical Rationale:
Breaking above key resistance at 925 level with momentum
Strong recovery from recent dip with +0.24% gain
4-hour chart showing bullish reversal pattern
Price reclaiming position above both EMAs
W-pattern (double bottom) formation visible - bullish reversal
RSI trending upward around 70, showing momentum
Volume at 1.35M supporting the breakout
Clear support established at 902 level
Multiple resistance levels: 950, 963, 980, 1,000
Pharma sector showing resilience
Breaking above previous high at 950 zone
Risk-Reward: Good 1:3+ ratio
Pattern: Double bottom/W-pattern breakout - classic bullish reversal on 4H timeframe
Strategy: Intraday to short-term swing - Book 35% at T1 (965), 35% at T2 (985), trail remaining with SL at 930 after T1
Key Levels:
Breakout Zone: 925 (now support)
Strong Resistance: 950, 963, 980, 1,000
Critical Support: 902, 875
For educational purposes only. Not SEBI registered. 4H chart analysis for short-term trades. Watch 902 support closely. Conduct your own research before investing.
Trade active
Target 1: ₹963-970 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.