WeWork India – Range Breakout Setup (Daily Chart)

WeWork India is consolidating within a narrow range and is now approaching a potential breakout zone on the daily timeframe. After the recent listing volatility, the stock has formed a short-term base between ₹635–₹650, showing signs of absorption of supply around the resistance zone.

The candles are getting tighter with reduced wicks, and volume activity is stabilizing — often a precursor to a range breakout. Once the price sustains above the ₹650–₹655 entry zone, it could trigger a short-term momentum move toward the upside.

🎯 Key Levels:
CMP: ₹645.50 (−0.13%)
Entry Zone: ₹650 – ₹655
Target: ₹690 – ₹700
Stop-Loss (SL): ₹635 (on daily closing basis)

📈 Technical View:
Price consolidation indicates accumulation after the initial volatility phase.
A breakout above ₹655 with strong volume can confirm bullish momentum.
Risk–reward setup remains favorable with defined SL and clear target zone.
Heikin Ashi candles are showing early signs of trend continuation.

🧠 View:
A sustained move above ₹655 can confirm a breakout from the current range. Traders can look for a move toward ₹690–₹700 while maintaining a stop below ₹635. Price action should be closely monitored for volume confirmation.