After a 3-year Falling Wedge, price has broken out and is retesting the breakout zone.
Price spent 3 years inside a falling wedge and has now broken out on the weekly and is attempting a retest.
Structure since Mar–Apr ’25 has shifted to higher low → higher high on weekly.
Volume expanded on the breakout leg and cooled off on the pullback – constructive for a continuation.
Key Levels
₹1900–2050: breakout-retest zone (near current price).
₹1,800–1,850: deep support / last higher-low area (≈61.8% of the up-leg).
₹1,500–1,550: wedge lower boundary (invalidates the larger bullish thesis if lost).
Bias: Bullish while weekly structure of higher lows holds.
Targets: ₹2,380–2,450 → ₹2,650–2,750; 3500+ trail stops under prior weekly lows.
This is an educational idea, not financial advice.
Price spent 3 years inside a falling wedge and has now broken out on the weekly and is attempting a retest.
Structure since Mar–Apr ’25 has shifted to higher low → higher high on weekly.
Volume expanded on the breakout leg and cooled off on the pullback – constructive for a continuation.
Key Levels
₹1900–2050: breakout-retest zone (near current price).
₹1,800–1,850: deep support / last higher-low area (≈61.8% of the up-leg).
₹1,500–1,550: wedge lower boundary (invalidates the larger bullish thesis if lost).
Bias: Bullish while weekly structure of higher lows holds.
Targets: ₹2,380–2,450 → ₹2,650–2,750; 3500+ trail stops under prior weekly lows.
This is an educational idea, not financial advice.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.