Bartronics India has completed a prolonged corrective phase and is now showing signs of a structural reversal
Pattern: Falling Wedge formation indicating potential bullish reversal.
Market Structure: A confirmed Change of Character (CHoCH) signals a shift from bearish to bullish bias.
Demand Zone: Strong bullish order block between ₹12.80–₹13.80, marking institutional accumulation.
Volume Confirmation: Breakout supported by rising volume, reflecting renewed investor interest.
Fundamental View
Bartronics India is currently a profit-making company, reflecting operational improvement and steady financial performance.
This aligns with the ongoing technical reversal, suggesting potential for a sustained bullish phase.
Trade Plan
Entry Zone: Current Market Price
Stop Loss: Below ₹12.50
Target 1: ₹17.50
Target 2: ₹22.00
Risk–Reward Ratio: ~1:4
Conclusion
The confluence of a technical breakout, order block formation, and positive fundamentals supports a bullish outlook for the coming weeks.
Pattern: Falling Wedge formation indicating potential bullish reversal.
Market Structure: A confirmed Change of Character (CHoCH) signals a shift from bearish to bullish bias.
Demand Zone: Strong bullish order block between ₹12.80–₹13.80, marking institutional accumulation.
Volume Confirmation: Breakout supported by rising volume, reflecting renewed investor interest.
Fundamental View
Bartronics India is currently a profit-making company, reflecting operational improvement and steady financial performance.
This aligns with the ongoing technical reversal, suggesting potential for a sustained bullish phase.
Trade Plan
Entry Zone: Current Market Price
Stop Loss: Below ₹12.50
Target 1: ₹17.50
Target 2: ₹22.00
Risk–Reward Ratio: ~1:4
Conclusion
The confluence of a technical breakout, order block formation, and positive fundamentals supports a bullish outlook for the coming weeks.
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For more live trades
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
join t.me/vedindicator
The reason behind Orderblock (Free Trial)
Visit- vedindicator.com
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
