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CA Omkar Bhutada - SEBI Reg IA

1st Apr · SEBI-Registered Analyst

The grey box = long consolidation / accumulation zone

STAR
Price has been moving between roughly: ₹800 (support) ₹980–₹1000 (resistance) 👉 This is a base-building phase, not distribution ⚠️ Key Observation Multiple rejections near ₹1000 But importantly: Lows are getting absorbed Recent candles show strong bullish momentum 👉 This suggests: Buyers are slowly overpowering sellers 🚀 Breakout Setup 🟢 Key Level: ₹1000 If price breaks & sustains above ₹1000: Range breakout confirmed Strong upside momentum expected 📈 Expected Targets After breakout: ₹1050 (first move) ₹1100 (your arrow zone ✔️) ₹1180–₹1200 (extended move) 👉 Your upside expectation is perfectly aligned 🧠 Trade Setup ✅ Bullish Trade Entry: Above ₹1000 (breakout + close) Stop Loss: ₹940–₹950 Targets: ₹1050 → ₹1100 → ₹1200 ❌ When This Fails If price: Gets rejected again at ₹1000 Falls below ₹900 👉 Then it remains range-bound / weak 🧩 Psychology Behind This Smart money accumulates quietly in ranges Retail gets bored and exits Breakout = fresh demand + FOMO entry ⚡ Final Insight 👉 “The longer the base, the bigger the breakout” This is a classic accumulation → breakout setup And among all 3 charts you shared… 👉 This one has the strongest directional clarity (bullish)

#TechnicalViews#FundamentalViews#WatchOutFor#Today’sTradingSetup#StockInNews
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