Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 21st Mar
This is a high-quality breakout setup 🔥 in CCL Products (India) Limited
CCL
🔍 1️⃣ Structure Breakdown
Phase 1: Sharp Upmove
₹850 → ₹1070
👉 Strong institutional entry
Phase 2: Long Consolidation (Green Zone)
₹950 – ₹1070
👉 This is your base
🧠 2️⃣ What This Base Means
This is not random sideways.
👉 This is Re-Accumulation
Why?
✅ Strong Support
₹950 held multiple times
👉 Buyers active
✅ EMAs Supporting Price
20 EMA > 50 EMA > 200 EMA
👉 Trend intact
✅ Higher Lows
Gradual upward pressure
👉 Demand increasing
⚡ 3️⃣ Breakout Happened
👉 Price has:
Broken ₹1070 resistance
Closed strong above
👉 This is confirmation
🚀 4️⃣ Why This Move Can Be Powerful
Because:
👉 After long consolidation
👉 Energy builds
👉 Breakout = Expansion phase
🎯 5️⃣ Your Target Box (Perfect)
Let’s validate:
Range Height:
₹1070 – ₹950 = ₹120
Target:
₹1070 + ₹120 = ₹1190–₹1220
👉 Your projection ~₹1240 is spot on ✅
📊 6️⃣ Trade Plan
🟢 Aggressive Entry
Already triggered near ₹1080
🔵 Safe Entry
Retest of ₹1070
🎯 Targets
₹1150
₹1200
₹1240
⚠️ 7️⃣ Risk Scenario
👉 If price:
Falls back below ₹1070
Sustains below
Then:
👉 Fake breakout → exit