**🚀 EIEL – Breakout After Base Formation | Trend Reversal Play**
**Timeframe:** 1D
**Current Price:** ₹263 | **Change:** +4.52% | **Volume Surge**
📈 **Technical Overview:**
EIEL is showing a classic breakout from a long consolidation range after a prolonged downtrend. The price has recently crossed above the 50-day moving average (blue line), indicating a shift in momentum. Volume is rising sharply, confirming strong buyer interest.
🔍 **Key Observations:**
* **Breakout Level:** Above ₹250-255 zone.
* **Resistance to Watch:** ₹275–₹300 levels in the short term.
* **Support Zone:** ₹225–₹235 (ideal pullback buying area).
* **Volume Spike:** Strongest in recent months, suggesting accumulation.
🧠 **Trade Plan:**
* **Aggressive Entry:** Current market price (₹263) with a tight stop-loss around ₹235.
* **Conservative Entry:** Buy on a pullback to ₹240–₹245 range.
* **Targets:** ₹275 → ₹295 → ₹320
* **SL:** ₹234 (closing basis)
📊 **Bias:** Bullish
📅 **Time Horizon:** Short to medium term (1–4 weeks)
💡 **Note:** Always use proper risk management and position sizing. This is a momentum-based setup; trail your stop-loss as price moves in your favor.
交易結束：達到停損點
Right now SL has hitted and i m out but still waiting for green bullish candle on daily time frame i will think for re-entry.
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