📊 Aditya Birla Sun Life AMC – Bullish Breakout From Rising Wedge
The stock has given a strong breakout from a Rising Wedge pattern with bullish momentum and improving price structure, indicating potential upside continuation.
🔎 Technical Observations:
• Rising Wedge breakout confirmed
• Strong bullish candle with volume support
• Higher High–Higher Low structure intact
• Price sustaining above key support zone
• Momentum indicators turning bullish
🔑 Key Levels:
• Support: ₹1,087 – ₹1,050
• Strong Support: ₹1,015 – ₹980
• Resistance: ₹1,160 – ₹1,195
🚀 Targets:
• ₹1,160
• ₹1,195
• ₹1,250+
📉 Risk Scenario:
A close below ₹1,050 may weaken the bullish setup.
📈 Trading View:
👉 Breakout indicates fresh buying interest
👉 Sustaining above ₹1,100 can drive the stock towards higher targets
⚠️ Educational purpose only. Not a buy/sell recommendation.
— AALGO BREATHS 📊