Positional Setup for PSP Projects Ltd (NSE)

Positional Setup for PSP Projects Ltd (NSE)
CMP: ₹691.00

Breakout Level: ₹675–680

Previous Resistance: ₹737

Indicators:

Supertrend: Bullish confirmation

TEMA 5/9/20: Strong upward slope

Volume/Price Action: Powerful breakout from long consolidation, tested higher resistance around ₹737, pulled back near breakout zone—healthy retest

📈 Technical View (Positional)
PSP Projects has broken out of a year-long consolidation.

Resistance at ₹737 was tested intraday, suggesting bulls are in control.

Now hovering near breakout zone, offering a low-risk entry for positional trade.

🚀 Positional Targets:
Target 1: ₹737

Target 2: ₹804

Target 3: ₹838

Stop-Loss (Closing Basis): ₹655