Aether Industries Ltd is showing signs of a potential trend reversal from a well-established support zone, supported by a descending triangle breakout pattern and improving technical indicators. This setup suggests a strong risk-reward opportunity for swing traders and positional investors.
⚡ Key Technical Points:
🔵 Descending Triangle Breakout Potential: The price is nearing a breakout from a long-term descending triangle. A breakout above the trendline (~₹778–₹790) could trigger a strong uptrend.
🟢 Strong Support Zone: ₹700–₹720 has held as solid support multiple times (as marked by green arrows), indicating strong demand at these levels.
🟩 Bullish Divergence on RSI: Relative Strength Index (RSI) is showing higher lows while price remains flat or lower, indicating bullish divergence—a sign of potential reversal.
🟢 Favorable Entries: 735, 720
🔴 Stop-Loss: Below 695 (Strong breakdown confirmation)
📈 Target 1 – 838.05 (Previous key swing high)
📈 Target 2 – 943.60 (Next resistance level from historical price structure)
✅ Why This Is a Technically Strong Setup:
✅ Multiple Support Bounces: 700–720 zone has been tested at least 4 times in the last year, showing strength.
✅ Volume-Based Reactions: While volume is low now, past spikes at support zones suggest institutional interest.
✅ Clear Risk Management: Stop-loss is tight (~6–7%) with targets offering 1.5–3x risk-reward potential.
✅ Potential Trend Reversal: Break above descending trendline and moving averages could signal a shift to bullish structure.
✅ Long Base Formation: The stock has been consolidating for over a year—long base formations often lead to explosive moves.
📢 Disclaimer: This is not financial advice. Always do your own research or consult with a professional before making investment decisions.
⚡ Key Technical Points:
🔵 Descending Triangle Breakout Potential: The price is nearing a breakout from a long-term descending triangle. A breakout above the trendline (~₹778–₹790) could trigger a strong uptrend.
🟢 Strong Support Zone: ₹700–₹720 has held as solid support multiple times (as marked by green arrows), indicating strong demand at these levels.
🟩 Bullish Divergence on RSI: Relative Strength Index (RSI) is showing higher lows while price remains flat or lower, indicating bullish divergence—a sign of potential reversal.
🟢 Favorable Entries: 735, 720
🔴 Stop-Loss: Below 695 (Strong breakdown confirmation)
📈 Target 1 – 838.05 (Previous key swing high)
📈 Target 2 – 943.60 (Next resistance level from historical price structure)
✅ Why This Is a Technically Strong Setup:
✅ Multiple Support Bounces: 700–720 zone has been tested at least 4 times in the last year, showing strength.
✅ Volume-Based Reactions: While volume is low now, past spikes at support zones suggest institutional interest.
✅ Clear Risk Management: Stop-loss is tight (~6–7%) with targets offering 1.5–3x risk-reward potential.
✅ Potential Trend Reversal: Break above descending trendline and moving averages could signal a shift to bullish structure.
✅ Long Base Formation: The stock has been consolidating for over a year—long base formations often lead to explosive moves.
📢 Disclaimer: This is not financial advice. Always do your own research or consult with a professional before making investment decisions.
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פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.