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CA Omkar Bhutada - SEBI Reg IA

6th May · SEBI-Registered Analyst

This is a clean and powerful setup on Cords Cable — and your marking is actually quite accurate. Let’s break it down like a pro trader:

CORDSCABLE
🔍 Structure Breakdown (Weekly Chart) 1. Accumulation / Range Phase Price was stuck in a broad consolidation box (~140–210 zone) for a long time Multiple fake breakouts & rejections → classic smart money absorption phase Volumes were inconsistent → indicates retail frustration + operator accumulation 2. Current Move = Breakout Attempt Strong bullish candle closing near highs Price is now testing the upper boundary (~205–210 zone) This level has acted as: Resistance multiple times in the past Supply zone → now being challenged 📈 What’s Important NOW ✅ Bullish Case (High Probability Scenario) If price: Sustains above 205–210 Gives a weekly close above resistance 👉 Then this becomes a range breakout 🎯 Targets: Immediate: 230–240 Swing: 260+ Your arrow projection is realistic ❌ Bearish Case (Trap Scenario) If: Breakout fails Price comes back inside the box 👉 Then it becomes a fake breakout / liquidity grab Downside levels: 180 160 (range mid) 🧠 Smart Money Interpretation This chart shows: Long accumulation ✔️ Volatility contraction ✔️ Expansion starting ✔️ 👉 This is exactly how multi-bagger structures begin — but only after confirmation.

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CORDSCABLE_3909377_2026-05-06_07-45-58.png
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