POWERINDIA (Hitachi Energy India Ltd) — Intraday Breakout (1H)
Price produced a strong green breakout candle from consolidation. Breakout zone ~ ₹21,900–₹22,000. Current price observed around ₹22,230, showing momentum buying and a volume spike indicating follow-through.
Trade plan (intraday)
Entry (Aggressive)
Buy above ₹22,240 (confirm candle close / momentum)
Target 1
₹22,450 — book partial
Target 2
₹22,620 — next supply zone
Target 3
₹22,800 — extended momentum target
Stop-loss
Place SL below the breakout retest area: ₹21,950. If price closes below this, invalidate the bullish momentum for intraday trade.
Risk & Execution
Book a partial profit at Target 1, move stop to breakeven thereafter and trail the rest. Keep position size appropriate to your risk tolerance. Watch for a reversal candle or volume drying up — exit if momentum fades.
- Strong breakout candle + volume spike suggests institutional participation.
- Look for a retest of the breakout zone to add or scale in—preferred for conservative entries.
- If a 1H candle closes decisively below ₹21,950, avoid long trades and consider short setups on structure failure.
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