After a 3-year Falling Wedge, price has broken out and is retesting the breakout zone.
Price spent 3 years inside a falling wedge and has now broken out on the weekly and is attempting a retest.
Structure since Mar–Apr ’25 has shifted to higher low → higher high on weekly.
Volume expanded on the breakout leg and cooled off on the pullback – constructive for a continuation.
Key Levels
₹1900–2050: breakout-retest zone (near current price).
₹1,800–1,850: deep support / last higher-low area (≈61.8% of the up-leg).
₹1,500–1,550: wedge lower boundary (invalidates the larger bullish thesis if lost).
Bias: Bullish while weekly structure of higher lows holds.
Targets: ₹2,380–2,450 → ₹2,650–2,750; 3500+ trail stops under prior weekly lows.
This is an educational idea, not financial advice.
Price spent 3 years inside a falling wedge and has now broken out on the weekly and is attempting a retest.
Structure since Mar–Apr ’25 has shifted to higher low → higher high on weekly.
Volume expanded on the breakout leg and cooled off on the pullback – constructive for a continuation.
Key Levels
₹1900–2050: breakout-retest zone (near current price).
₹1,800–1,850: deep support / last higher-low area (≈61.8% of the up-leg).
₹1,500–1,550: wedge lower boundary (invalidates the larger bullish thesis if lost).
Bias: Bullish while weekly structure of higher lows holds.
Targets: ₹2,380–2,450 → ₹2,650–2,750; 3500+ trail stops under prior weekly lows.
This is an educational idea, not financial advice.
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