SHREYANIND: Trendline Breakout Signals Bullish Momentum!

Overview:
The daily chart for Shreyans Industries Ltd. (SHREYANIND) highlights key price action levels, corrective wave patterns (b, (B), (C)), and a breakout above trendline resistance. A bullish setup is forming with promising targets ahead! 📈

1. Key Levels and Zones:

1. Wave Analysis:
   
   Corrective wave pattern identified as b, (B), and (C).
   Price is currently progressing within Wave (C), signaling potential upward movement. 📈
   
2. Golden Retracement Zone:
   
   Trading within the critical support zone: ₹228–₹270.
   This zone acts as a foundation for the next significant move. 🟢
   
3. Trendline Resistance and Breakout:
   
   Price has broken out of a key trendline resistance drawn from the peak of Wave (A).
   Currently retesting the trendline, now acting as support—a classic bullish indicator. 📈
   
4. Targets and Stop Loss:First Target: ₹316 🎯
   Second Target: ₹361 🎯
   Stop Loss: ₹215.87 (Day Close) 🛑
   
5. Volume Analysis:
   
   Increased volume during breakout confirms strong buying interest. 📊
   

📈 Trading Plan:

Entry:

Enter a long position near the retested trendline resistance, now acting as support, within the ₹228–₹270 zone.
Targets:

First Target: ₹316 🎯
Second Target: ₹361 🎯
Stop Loss:

Place a stop loss at ₹215.87 to limit downside risk. 🛑
Short-term Trading Opportunity:

The breakout and retest of the trendline resistance provide a solid setup for short-term swing trades or FN strategies. The bullish sentiment supports higher targets.
Conclusion:
This trading plan combines Elliott Wave analysis, trendline breakouts, and volume insights to offer actionable opportunities. Monitor the Golden Retracement Zone and trendline for confirmation of continued strength.

Disclaimer: This analysis is for educational purposes only. Perform your own research or consult a financial advisor before trading.