🧠 What’s happening in Supreme Petrochem?

1. Clear Range-Bound Market Resistance: ₹900 – ₹910 (major supply zone) Support: ₹600 – ₹650 zone Price is moving in a wide sideways range 👉 This is a classic accumulation → expansion setup 2. Current Position (Very Important) Price: ~₹755 Recently bounced from ₹500–550 zone (strong demand) Now moving towards resistance again 👉 This is mid-range → heading to breakout zone 🚀 What is the opportunity? ✅ Bullish Breakout Setup If price: Breaks ₹910 convincingly Weekly close above it (VERY IMPORTANT) 👉 Then: Targets: ₹1000 (psychological) ₹1100–1150 (measured move) Possible momentum rally beyond 💡 Your arrow towards ₹900+ is perfectly aligned. ❌ Rejection Scenario If price: Fails near ₹900 Shows rejection (long upper wicks / bearish candles) 👉 Then: Pullback to ₹700 Deeper correction to ₹650 possible 📊 Smart Trading Plan 🔹 Aggressive Entry Buy near ₹740–760 (current zone) SL: ₹680 Target: ₹900 👉 Risky but good R:R 🔹 Safe Breakout Entry (BEST) Entry: Above ₹910 (weekly close) SL: ₹820 Strategy: Ride expansion