Breakout Watch: Reliance, SBI, Axis Bank & Small Cap Index Trade Setups ) 02nd July
By CapitalKeeper | Top Intraday Stock | Smart Trading Starts Here I 01st July
CapitalKeeper Radar: Big Breakout Setups to Watch – 02 July 2025
The Indian equity markets continue to signal sector rotation and broader participation, especially from small caps and banks. Today’s watchlist includes breakout-ready giants like Reliance and SBI, along with a macro setup brewing in the NSE Small Cap 100 Index.
Let’s break down the top trade setups and what they could mean in the coming sessions.
Reliance Industries – CMP ₹1,528
🏗️ Large-Cap Reversal in Progress | Demand Zone Nearby
- Buy Zone: ₹1,470–₹1,450
- Stop Loss: ₹1,400
- Targets: ₹1,590 / ₹1,750
🔍 Technical View:
- Strong base formation near ₹1,450
- Daily chart shows price reversal near demand zone
- MACD flattening, RSI recovering from oversold levels
- Risk-reward attractive for swing traders
📌 Bias: Bullish Reversal | Medium-term trade opportunity
🏦 State Bank of India (SBIN) – Close ₹819
🔓 Multi-Timeframe Breakout on the Verge
🔍 Technical Highlights:
- 1-year trendline resistance around ₹830
- Sustained breakout above ₹830 = trend confirmation
- Post-breakout targets: ₹880 / ₹950+
- Volume steadily increasing on up-days
📌 Watch for: Break + hold above ₹830 for long confirmation
📌 Bias: Strong bullish continuation if ₹830 sustains
📊 NSE Small Cap 100 Index – Close ₹18,805
Multi-Month Trendline Resistance Being Tested
🔍 Technical Insights:
- Index testing critical zone at ₹19,000
- Breakout will confirm broad market participation
- Above ₹19,000, expect sharp rallies in midcap & smallcap stocks
- Breadth indicators turning positive
📌 Key Level: 19,000 (Breakout trigger)
📌 View: Bullish for positional traders in broader markets
📌 Stocks to Watch: Small-cap leaders and sectoral rotation themes
🏦 Axis Bank – CMP ₹1,174
🔁 Base Breakout Setup | Strong Upside Potential
- Buy Zone: ₹1,174–1,175
- Stop Loss: ₹1,170 (Tight Risk)
- Targets: ₹1,780 / ₹1,785
🔍 Technical View:
- Strong breakout candidate with minimal risk
- Multiple rejections at ₹1,175 now being tested
- Expect breakout + momentum if price holds above level
📌 Bias: Breakout trade with risk-reward advantage
📌 Note: Keep SL tight; entry to be taken with confirmation
CapitalKeeper Trade Summary
| Stock/Index | Buy Zone | Targets | Stop Loss | View |
|---|---|---|---|---|
| Reliance Industries | ₹1,450–1,470 | ₹1,590 / ₹1,750 | ₹1,400 | Medium-Term Reversal |
| SBI (SBIN) | Watch above ₹830 | ₹880 / ₹950+ | NA | Multi-timeframe Breakout |
| NSE Small Cap 100 | Watch above ₹19,000 | Big Rally | NA | Macro Breakout Opportunity |
| Axis Bank | ₹1,174–1,175 | ₹1,780 / ₹1,785 | ₹1,170 | Breakout Entry |
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Previous Day 01 July 2025
Premier Energies (PREMIERENE) – CMP ₹1,070
✅ Momentum Building | Sectoral Tailwind
🔍 Technical Highlights:
- Holding above key EMA zones
- Sustained price strength above ₹1,050
- Volume pattern suggests accumulation
📌 Short-Term View:
- Buy on dips near ₹1,050–1,060
- Target: ₹1,120 / ₹1,170
- Stop Loss: ₹1,030
JSL 720 CE – CMP ₹22.60
🔼 Option Breakout Candidate | Bullish Price Structure
🔍 Technical View:
- Underlying stock (JSL) shows bullish breakout
- ₹720 CE gaining momentum with rising OI and volume
- Option chain data supports continuation above ₹725
📌 Trade Strategy:
- Buy @ ₹22.60
- Stop Loss: ₹17
- Target: ₹30 / ₹36
- Holding Period: 1–3 sessions
✅ Summary
| Ticker | CMP | Entry | Target(s) | Stop Loss | View |
|---|---|---|---|---|---|
| PREMIERENE | ₹1,070 | ₹1,050–1,060 | ₹1,120 / ₹1,170 | ₹1,030 | Short-Term |
| JSL 720 CE (Call) | ₹22.60 | Buy @ CMP | ₹30 / ₹36 | ₹17 | Bullish Option Trade |