Resistance: ₹15.44 (Swing high, potential target)
Current Level: ₹10.90 (Current price approaching a key resistance zone)
Fair Value Gap (FVG): ₹7.00 – ₹6.00 (Previously filled liquidity zone, potential support)
Volume: Noticeable increase in volume, suggesting momentum.
Setup:
Entry: Watch for a breakout above ₹10.90 with strong volume confirmation for bullish momentum.
Target: ₹15.44 (Primary swing target based on historical resistance).
Stop Loss: Consider placing below ₹9.50 (to minimize risk if the price reverses).
Notes:
A pullback to the FVG zone could offer a better entry for longer-term positions.
Monitor volume for momentum confirmation on any breakouts.
Disclaimer:
This analysis is for educational purposes only. Please do your own research before making any trading decisions.