Pattern Alert: Rounding Bottom Nears Breakout!
📈 Technical Setup
Daily Chart Pattern: Price is completing a multi-month rounding bottom (bullish reversal pattern), signaling accumulation.
Current Price: Consolidating near ₹88.80, approaching the crucial breakout zone of ₹94.25–95.60.
Confirmation Trigger: A decisive close above ₹95.60 on rising volume validates the breakout.
🎯 Trade Strategy
Entry: Buy on breakout confirmation above ₹95.60 (close basis).
Stop Loss: ₹86.36 (below the recent swing low & pattern support).
Targets:
T1: ₹106 (+11% from breakout)
T2: ₹113 (+18%)
T3: ₹123 (+29%)
T4: ₹133 (+39%)
Final Target: ₹149 (all-time high, +56%)
Risk-Reward: 1:5+ (based on SL to T1).
⚠️ Key Notes
Patience Required: This is a positional trade with a 3–6 month horizon. Hold through minor pullbacks.
Volume Confirmation: Breakout must be backed by +50% above average volume for conviction.
💡 Why This Works
Rounding bottoms indicate long-term trend reversal with high follow-through probability.
Targets align with Fibonacci extensions & prior swing highs.
Low-risk entry: Tight SL (8% risk) for asymmetric upside.
Trade smart. Track volume. Patience pays!
🔥 Like this idea? Hit "Boost" to increase visibility!
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📜 GENERAL DISCLAIMER
This analysis is for educational purposes only and does not constitute financial advice, a recommendation, or an offer to buy/sell securities. Trading involves substantial risk of loss and is not suitable for every investor.
❗ KEY RISK ACKNOWLEDGMENTS
Not Personalized Advice: This idea is based on technical analysis and may not align with your risk profile, capital, or goals.
Past Performance ≠ Future Results: Patterns may fail due to market volatility, news, or sector weakness.
Capital Risk: You may lose all or more than your initial investment. Use only risk capital.
Stop Loss Execution: SL orders may trigger below ₹86.36 during gaps or low liquidity.
Holding Period: Positional trades require monitoring. Unforeseen events (earnings, regulations, global shocks) could invalidate the setup.
Bias Alert: This is a bullish bias idea. Always assess bearish scenarios.
🔍 Verify Independently
Cross-verify with fundamentals (debt, earnings, management).
Check broader market trends (Nifty Auto, Nifty 500).
Consult a SEBI-registered advisor before acting.
⚠️ YOUR RESPONSIBILITY
You alone are accountable for trading decisions. The author/platform assumes no liability for losses.
📈 Technical Setup
Daily Chart Pattern: Price is completing a multi-month rounding bottom (bullish reversal pattern), signaling accumulation.
Current Price: Consolidating near ₹88.80, approaching the crucial breakout zone of ₹94.25–95.60.
Confirmation Trigger: A decisive close above ₹95.60 on rising volume validates the breakout.
🎯 Trade Strategy
Entry: Buy on breakout confirmation above ₹95.60 (close basis).
Stop Loss: ₹86.36 (below the recent swing low & pattern support).
Targets:
T1: ₹106 (+11% from breakout)
T2: ₹113 (+18%)
T3: ₹123 (+29%)
T4: ₹133 (+39%)
Final Target: ₹149 (all-time high, +56%)
Risk-Reward: 1:5+ (based on SL to T1).
⚠️ Key Notes
Patience Required: This is a positional trade with a 3–6 month horizon. Hold through minor pullbacks.
Volume Confirmation: Breakout must be backed by +50% above average volume for conviction.
💡 Why This Works
Rounding bottoms indicate long-term trend reversal with high follow-through probability.
Targets align with Fibonacci extensions & prior swing highs.
Low-risk entry: Tight SL (8% risk) for asymmetric upside.
Trade smart. Track volume. Patience pays!
🔥 Like this idea? Hit "Boost" to increase visibility!
-------------------------------------------------------------------------------------------------------------
📜 GENERAL DISCLAIMER
This analysis is for educational purposes only and does not constitute financial advice, a recommendation, or an offer to buy/sell securities. Trading involves substantial risk of loss and is not suitable for every investor.
❗ KEY RISK ACKNOWLEDGMENTS
Not Personalized Advice: This idea is based on technical analysis and may not align with your risk profile, capital, or goals.
Past Performance ≠ Future Results: Patterns may fail due to market volatility, news, or sector weakness.
Capital Risk: You may lose all or more than your initial investment. Use only risk capital.
Stop Loss Execution: SL orders may trigger below ₹86.36 during gaps or low liquidity.
Holding Period: Positional trades require monitoring. Unforeseen events (earnings, regulations, global shocks) could invalidate the setup.
Bias Alert: This is a bullish bias idea. Always assess bearish scenarios.
🔍 Verify Independently
Cross-verify with fundamentals (debt, earnings, management).
Check broader market trends (Nifty Auto, Nifty 500).
Consult a SEBI-registered advisor before acting.
⚠️ YOUR RESPONSIBILITY
You alone are accountable for trading decisions. The author/platform assumes no liability for losses.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.