🧠 Analysis Summary:
The stock has bounced from 200 EMA support (~₹1,200) multiple times historically.
Current price action shows a bullish candle forming near this key level.
This setup has offered 2X+ gains in past instances.
🔍 Key Levels:
Action Price
CMP ₹1,251.60
Entry Zone ₹1,210–₹1,230
Stop Loss ₹1,170
Target 1 ₹1,350
Target 2 ₹1,400
200 EMA ₹1,200
🔄 Historical Bounces from 200 EMA:
📍 Aug 2024 – Bounce from ₹700 to ₹1,400+
📍 Oct 2024 – Bounce from ₹850 to ₹1,200+
📍 Mar 2025 – Bounce from ₹1,170 to ₹1,350
📍 May 2025 – Current bounce initiated
⚠️ Risk Note:
Break below ₹1,170 may invalidate this setup. Keep SL tight.
🧾 Disclaimer:
This is not investment advice. Always do your own research or consult a financial advisor before taking any position.
The stock has bounced from 200 EMA support (~₹1,200) multiple times historically.
Current price action shows a bullish candle forming near this key level.
This setup has offered 2X+ gains in past instances.
🔍 Key Levels:
Action Price
CMP ₹1,251.60
Entry Zone ₹1,210–₹1,230
Stop Loss ₹1,170
Target 1 ₹1,350
Target 2 ₹1,400
200 EMA ₹1,200
🔄 Historical Bounces from 200 EMA:
📍 Aug 2024 – Bounce from ₹700 to ₹1,400+
📍 Oct 2024 – Bounce from ₹850 to ₹1,200+
📍 Mar 2025 – Bounce from ₹1,170 to ₹1,350
📍 May 2025 – Current bounce initiated
⚠️ Risk Note:
Break below ₹1,170 may invalidate this setup. Keep SL tight.
🧾 Disclaimer:
This is not investment advice. Always do your own research or consult a financial advisor before taking any position.
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.