VMART Have a eye on it

📊 VMART RETAIL – Daily Chart Analysis
🟢 Key Highlights:
Metric Observation
CMP ₹807.35
Pattern Breakout from resistance + Volume Profile (VP) analysis
Volume Strong bullish volume confirming breakout
VP Analysis Large volume node (₹800–₹820 zone) 📈
Next Resistance ₹840–₹860 (previous swing highs) 🔁
Support Zone ₹780–₹800 (new support post breakout) 🟩

📈 Technical Interpretation:
✅ Breakout of Resistance (₹780–₹800 zone) with good volume confirms buyer dominance.

✅ Volume Profile (VP) shows high activity near breakout, indicating institutional interest.

⚠️ VP Strength weakens above ₹840 – possible low resistance zone for price acceleration.

🟢 Target zone ₹840–₹860 should be tested quickly if volume sustains.

📦 Trade Plan Summary
Action Price Range
Buy on Dips ₹790–₹800 zone
Stoploss ₹770 (below volume node)
Target 1 ₹840
Target 2 ₹860+
Risk:Reward Approx 1:2 ✅

🔍 Extra Notes:
🔄 If ₹860 breaks, open sky to ₹900 possible due to low VP density.

📊 Best suited for short-term swing with tight SL and volume confirmation.

✅ Confidence Score: 7.5/10
Volume ✅

VP confirmation ✅

Clean breakout ✅

Resistance ahead ✅ (needs caution)