📊 Phoenix Mills Ltd – Bullish Continuation Setup
The stock remains in a strong uptrend and is consolidating near resistance after a sharp rally, indicating potential for another upside move.
🔎 Technical Setup:
• Strong recovery from support zone
• Higher High–Higher Low structure intact
• Price trading above key moving averages
• Volume participation remains healthy
• Momentum indicators holding bullish bias
🔑 Key Levels:
• Support: ₹1,856 – ₹1,817
• Major Support: ₹1,773 – ₹1,729
• Resistance: ₹1,944 – ₹1,982
🚀 Upside Targets:
• ₹2,024
• ₹2,066
• ₹2,192+
⚠️ Risk:
A close below ₹1,817 may weaken the current bullish structure.
📈 View:
Sustained move above ₹1,944 can trigger fresh momentum towards higher resistance zones.
For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊