MIDHANI – Solid Breakout After Long Base | Momentum Ready?

MIDHANI – Solid Breakout After Long Base | Momentum Ready?
CMP: ₹443.30 | Chart: 5-min | Date: June 22, 2025


🟢 What’s Unfolding?
Stock moved from ~₹420 → ₹446 with strong momentum and clean higher highs
Clear volume spike near ₹1 PM, breaking above the short-term supply zone
Price consolidated in a narrow range post breakout – perfect for BTST/swing setups

🔍 Important Levels
Supports:
₹437.50 – Minor dip-buying zone
₹428 – Last breakout base (low-risk SL for swing)

Resistance / Targets:
₹448.50 – Intraday top
₹455 – Short-term resistance
₹468+ – Potential 3–5 day target

📊 Trade Plan
🔹 BTST Setup
🎯 Target: ₹448 – ₹452
🛑 SL: ₹437

🔹 3–5 Day Swing
📌 Entry: Around ₹443 or on dip near ₹438
🎯 Target 1: ₹455
🎯 Target 2: ₹468
🛑 SL: ₹428

🔎 Why This Looks Strong
Volume rising alongside price = genuine demand
Strong trending structure with no supply rejection at highs
20-period volume average is rising – early signal of fresh participation
RSI (not shown) would likely confirm bullish strength

📅 What to Watch Tomorrow
Opening above ₹444 = likely momentum carry-over
Entry on dip toward ₹438 is ideal with tight SL and high R:R

🔔 Avoid Below: ₹427
⚡ Good For: Intraday scalpers, BTST traders, and low-risk swing setups

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