good to enter and small SL

📊 Chart Overview
CMP: ₹4,167.40

Day’s Range: ₹4,020.00 – ₹4,199.00

Change: +₹152.60 (+3.80%)

Trendline: Price is respecting a strong upward trendline, acting as dynamic support.

🔍 Technical Insights
Trendline Support:

Multiple touches on the trendline with today's candle bouncing off it = strong confirmation of bullish support.

Today's bullish candle with high volume at trendline adds conviction.

Volume Surge:

The bullish day is supported by increasing volume—an indication of institutional or smart money buying at support.

Structure:

The stock has made higher lows consistently, showing strength.

Short-term consolidation in the ₹4,000–₹4,250 range, now showing breakout potential.

Next Resistance Zones:

₹4,250–4,300: Recent highs and minor hurdle

₹4,500+: Next potential target if breakout is confirmed

₹4,850–5,000: Major resistance from earlier downtrend

✅ Buying Strategy Suggestion
Aggressive Buy (Since it bounced on trendline):

Buy now (₹4,160–₹4,200) with SL below trendline support (₹3,980)

Target 1: ₹4,300

Target 2: ₹4,500+

Conservative Buy:

Wait for a breakout above ₹4,300 with volume

Entry on retest of breakout or during momentum

SL: ₹4,100

Targets: ₹4,500 → ₹4,800+

⚠️ Risk Notes
A breakdown of the trendline with volume invalidates this setup

Keep a tight stop below trendline (₹3,950–₹3,980 zone)

Broader market weakness can impact short-term moves