1 Min Read
The stock formed a rounded bottom (cup-like structure) after a prolonged downtrend and gradually started recovering. Price consolidated around the ₹880–₹910 zone, forming a base before attempting a breakout. The entry is marked near ₹905–₹910, with a stop-loss (SL) placed around ₹875 to manage risk.
A breakout (BO) is shown above ₹960, which is a key resistance level. If the stock sustains above this breakout level with strong volume, the projected target zone is around ₹1,120–₹1,140. However, volume is labeled “Volume Dead,” indicating participation needs to increase for a strong follow-through. A high-volume close above ₹960 would confirm bullish momentum for the next leg up.
