Gap-Up Alert: Hind Rectifiers | Rectangle Breakout Confirmed

6 hari yang lalu

BUY Setup ⚡
Entry: ₹1,803-1,810 (Current Level)
Target 1: ₹1,832-1,840
Target 2: ₹1,851-1,860
Target 3: ₹1,875-1,890 (Extended)
Stop Loss: ₹1,775
Technical Rationale:

Massive breakout from rectangle consolidation (1,600-1,800 range)
Explosive +5.00% surge with exceptional volume (84.66K)
Breaking above long-term resistance at 1,800 with strong conviction
RSI spiking to 69.43 - strong bullish momentum
Gap-up opening showing institutional buying interest
Trading well above EMA (1,663.41) confirming uptrend
V-shaped recovery from October lows
Power electronics/rectifier sector gaining traction
Multiple resistance levels mapped: 1,832, 1,851, 1,875
Clear support established at 1,747-1,775 zone
Volume significantly above average confirming breakout

Risk-Reward: Good 1:2.5+ ratio
Pattern: Rectangle breakout + Gap-up - powerful combination for continuation
Strategy: Short to medium-term swing - Book 35% at T1 (1,835), 35% at T2 (1,855), trail remaining with SL at 1,810 after T1
Key Levels:

Breakout Zone: 1,800 (critical level crossed)
Strong Resistance: 1,832, 1,851, 1,875
Major Support: 1,775, 1,747, 1,720

Sector Catalyst:

Power sector demand increasing
Electronics manufacturing push
Infrastructure spending

Caution: Already up 5% today - consider waiting for minor pullback to 1,790-1,795 for better entry, or enter in tranches

Disclaimer: For educational purposes only. Not SEBI registered.

6 hari yang lalu

Trade aktif

Target 2: ₹1,851-1,860 DONE

6 hari yang lalu

Trading ditutup: target tercapai

Target 3: ₹1,875-1,890 (Extended) done