🧠 Breakdown: Symmetrical Triangle Breach + OI Data
PB Fintech has broken down from a well-formed symmetrical triangle, signaling a likely continuation of the bearish trend that started post-₹1,820 rejection.
🔻 Breakdown below trendline support confirms sellers are in control short term.
📐 Chart Structure Recap
📊 OI Zones (Monthly Expiry)
🔺 Resistance:
🟢 Support:
📌 Trade Plan (Short-Term View)
🔻 Bearish Setup (Short Bias):
• Entry: On breakdown retest near ₹1,745–₹1,750
• Stop Loss: Above ₹1,765
• Targets: ₹1,720 → ₹1,700
🔺 Bullish Setup (Reversal Possibility):
• Entry: On strong reclaim and hold above ₹1,760
• Stop Loss: Below ₹1,740
• Targets: ₹1,780 → ₹1,800
🎯 Summary
With both price action (triangle breakdown) and OI shifts (fresh calls at highs) aligning, PB Fintech may see further downside if it fails to reclaim the ₹1,745–₹1,750 zone quickly.
This is a great confluence case for intraday or short-swing setups. Patience for either a retest-reject or a reclaim-confirm will be key.
PB Fintech has broken down from a well-formed symmetrical triangle, signaling a likely continuation of the bearish trend that started post-₹1,820 rejection.
🔻 Breakdown below trendline support confirms sellers are in control short term.
📐 Chart Structure Recap
- Price formed a symmetrical triangle since mid-May.
- Multiple support rejections along an ascending trendline.
- Today, price convincingly broke down below ₹1,750–₹1,740, with volume spike confirmation.
- Now trading near crucial support clusters, visible from past demand zones.
📊 OI Zones (Monthly Expiry)
🔺 Resistance:
- ₹1,780–₹1,800: Major call writing zone.
- ₹1,760: Added call writers post-breakdown.
🟢 Support:
- ₹1,740–₹1,720: Price hovering here — must hold.
- ₹1,700–₹1,680: Next significant put OI base.
- ₹1,660–₹1,620: Last buyer defense zone.
📌 Trade Plan (Short-Term View)
🔻 Bearish Setup (Short Bias):
• Entry: On breakdown retest near ₹1,745–₹1,750
• Stop Loss: Above ₹1,765
• Targets: ₹1,720 → ₹1,700
🔺 Bullish Setup (Reversal Possibility):
• Entry: On strong reclaim and hold above ₹1,760
• Stop Loss: Below ₹1,740
• Targets: ₹1,780 → ₹1,800
🎯 Summary
With both price action (triangle breakdown) and OI shifts (fresh calls at highs) aligning, PB Fintech may see further downside if it fails to reclaim the ₹1,745–₹1,750 zone quickly.
This is a great confluence case for intraday or short-swing setups. Patience for either a retest-reject or a reclaim-confirm will be key.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.