📊 Schaeffler India Ltd – Breakout Watch
Stock is showing strength after bouncing from a key support zone and breaking out of a falling wedge pattern.
🔎 Technical Observations:
• Falling wedge breakout
• Strong bullish candle with volume
• Recovery from support zone
• Momentum indicators turning positive
🔑 Key Levels:
• Support: ₹3,880 – ₹3,780
• Resistance: ₹4,200 – ₹4,400
🚀 Targets:
• ₹4,400
• ₹4,700
• ₹4,800+
📉 Risk:
A close below ₹3,780 may weaken the current setup.
📈 Trading View:
👉 Bullish momentum building after breakout
👉 Sustaining above ₹4,200 can trigger further upside
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊