Consolidation breakout 600+ posible

5 de dez. de 2024

Indraprastha Medical Corp (4H Chart Analysis)

Current Price: ₹504.90


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Key Levels:

Support Zones: ₹450 | ₹392

Resistance Zone: ₹520



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Pattern Explanation:

Rectangle Consolidation Breakout:

Chart par ek rectangle consolidation ka pattern clear dikh raha hai, jisme price ne ₹450 aur ₹520 ke beech kaafi time tak move kiya.

Ab price ₹520 ke upar breakout kar raha hai, jo bullish signal hai.

Breakout ke baad price uptrend me ja sakta hai, aur ₹560 aur ₹600 ke levels ko target kar sakta hai.


Higher Highs and Higher Lows:

Price consistently higher highs aur higher lows bana raha hai, jo strong uptrend ko indicate karta hai.


200 EMA Support:

Price 200 EMA ke upar trade kar raha hai, jo ek long-term bullish sentiment dikhata hai.




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Volume Analysis:

Breakout ke time par volume me surge aaya hai, jo confirm karta hai ki ye breakout genuine hai.



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Trade Setup:

Entry: ₹520 ke upar breakout confirm hone par.

Stop Loss: ₹450 ke neeche (rectangle ke lower boundary ke neeche).

Target 1: ₹560

Target 2: ₹600



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Risk-Reward:

Risk-reward ratio favorable hai, agar price rectangle consolidation ke breakout ke baad momentum maintain kare.



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Conclusion:

Rectangle Pattern Breakout aur 200 EMA support ke saath, ye stock short-to-medium term ke liye bullish lag raha hai. Entry lene se pehle ₹520 ke upar closing aur volume ka confirmation dekhna zaroori hai.



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Note: Analysis technical basis par hai. Market conditions aur risk appetite ke hisaab se position manage karein.