2 Min Read
The stock formed a rounded base (cup-like structure) and then moved into a consolidation zone near ₹7,800–₹8,100. A breakout (BO) level is marked around ₹8,100, with the entry shown slightly below that zone and a stop-loss (exit) placed near ₹7,600. Currently, price has pulled back toward the stop-loss area after failing to sustain above resistance.
The projected target is around ₹9,200–₹9,300, based on the breakout structure. However, volume is marked as “Volume Dead,” indicating weak participation during the recent move, which may explain the failed breakout attempt. A strong close above the breakout level with higher volume would be needed to confirm the bullish continuation.
