Observations:
1⃣Trying to break out of consolidation/DarvasBox.
2⃣Closed Right below previous ATH/Resistance.
3⃣Huge Volume
5⃣Inverse Head &Shoulders on DTF.
6⃣Dry Volume During Consolidation/Pullback.
1⃣Action Plan:
➡️Entry Strategy: Enter on a retest of ₹969.5 in case of a gap-up opening or Enter Above 1017.25 with 50% qty and wait for a retest.
2⃣Risk Management: Place a stop loss at ₹843(Day Closing Basis).
➡️Use trailing stops to lock in profits as targets are reached.
➡️Volume Confirmation: Monitor for sustained volume above average to ensure the breakout is genuine.
➡️The confluence of the Inverse Head and Shoulders and Darvas Box breakout significantly strengthens the bullish case.
Market is very weak. So exercise extreme caution and manage the risk.