Midwest Ltd has shown a clean breakout–retest structure on the 30-minute timeframe, respecting both the trendline support and supply zones. The price successfully reclaimed the ₹1,140–₹1,150 range after a short pullback, confirming a bullish retest setup.
The chart highlights how historical rejections (orange circles) have turned into support retests, strengthening the validity of the breakout. If momentum sustains above ₹1,165, a continuation move toward ₹1,180+ could unfold.
🎯 Key Levels:
CMP: ₹1,160 (+3.95%)
Immediate Resistance (Retest Zone): ₹1,165 – ₹1,180
Support / Gap Zone: ₹1,130 – ₹1,145
Golden Zone (Major Support): ₹1,090 – ₹1,115
Stop-Loss: Below ₹1,120 (on 30-min closing basis)
📊 Technical View:
Ascending structure forming higher lows along trendline support.
Gap zone retested successfully, showing demand absorption.
Shortfall recovery followed by a sharp volume rise on breakout.
Sustaining above ₹1,165 may lead to a new swing leg toward ₹1,200.
🧠 View:
Midwest Ltd is showing a textbook breakout–retest structure. Sustaining above ₹1,165 with volume confirmation could trigger a quick 3–4% upside, while ₹1,115 remains the key demand zone.
The chart highlights how historical rejections (orange circles) have turned into support retests, strengthening the validity of the breakout. If momentum sustains above ₹1,165, a continuation move toward ₹1,180+ could unfold.
🎯 Key Levels:
CMP: ₹1,160 (+3.95%)
Immediate Resistance (Retest Zone): ₹1,165 – ₹1,180
Support / Gap Zone: ₹1,130 – ₹1,145
Golden Zone (Major Support): ₹1,090 – ₹1,115
Stop-Loss: Below ₹1,120 (on 30-min closing basis)
📊 Technical View:
Ascending structure forming higher lows along trendline support.
Gap zone retested successfully, showing demand absorption.
Shortfall recovery followed by a sharp volume rise on breakout.
Sustaining above ₹1,165 may lead to a new swing leg toward ₹1,200.
🧠 View:
Midwest Ltd is showing a textbook breakout–retest structure. Sustaining above ₹1,165 with volume confirmation could trigger a quick 3–4% upside, while ₹1,115 remains the key demand zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.