Current Price: ₹544.70
Setup Type: Fresh breakout post volume-led reversal. Not a random move — this is a tradeable structure.
1. Structural Reversal:
After a sharp sell-off last week, stock forms a base around ₹526–530. That’s your first signal. Today’s price action shows clear rejection of lower levels, with strong buying into the previous supply zone of ₹540–542. The weak hands are out — now it’s a cleaner trade.
2. Volume Tells the Truth:
Breakout candle isn’t just cosmetic — it’s backed by conviction volume, not algo spikes. This isn’t a retail chase. You don’t get this kind of volume just from optimism — it’s someone serious positioning.
3. Risk-Reward Tilted in Favor:
Your downside is ₹539–540. Keep that as a line in the sand. Upside has legs till ₹560–563 cleanly. So you’re risking ₹5 for ₹15+.
4. Macro Fit:
Urea/fertiliser subsidy announcements are around the corner. Input prices globally are softening. This isn’t a bet on a “theme,” but there’s a tailwind if it wants to run.
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Actionable Levels:
• Buy: ₹544–546
• Stop-Loss: ₹539 (strict)
• Target 1: ₹553
• Target 2: ₹560–563
• Stretch: ₹570 (only if market tailwinds support)
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This is not a portfolio stock. This is a position trade, backed by structure and psychology. It’s where risk-reward makes sense, not where narratives are sold.
거래청산: 타겟 닿음
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
