IDEAFORGE: Reversal in Play or Just a Bounce? - Key Levels

IDEAFORGE recently showed a sharp recovery after a strong downtrend, rebounding from ₹552 to ₹590+ in one session on heavy volume. This V-shaped recovery signals potential short covering or accumulation.

🔍 Key Observations:

Consolidation was seen around ₹588–₹590 before the breakdown.

Sharp drop to ₹552 followed by a high-volume bounce.

Price is now stabilizing around previous support zones.

🔮 Forecast (Next 15 Days):
✅ Bullish Scenario:
If the price holds above ₹586–₹588 and breaks above ₹595–₹600 with volume, we may see:

🎯 Target 1: ₹610

🎯 Target 2: ₹625

🎯 Target 3: ₹640+

❌ Bearish Scenario:
Break below ₹584 could invalidate the bounce:

🔻 Support 1: ₹570

🔻 Support 2: ₹552

🔻 Support 3: ₹540

📌 Trading Plan:
Watch for a breakout above ₹595 with volume confirmation. RSI crossing above 60 on 15-min/1H charts can further confirm bullish momentum.

💬 What do you think? Is this a reversal in the making or just a temporary bounce? Share your views below!