Timeframe: Weekly | Scale: Logarithmic
The stock has confirmed a breakout from a 2-year consolidation phase (₹67–₹107). This move is supported by the highest weekly volume in months .
📈 1. The Chart Structure (The Box Breakout)
> The Consolidation: ₹67 – ₹107 range. The stock spent nearly 24 months in this zone, absorbing all supply.
> The Breakout: This week's close of ₹114.85 (+13%) is a decisive "Jailbreak."
- Significance: Breaking a 2-year base often leads to a trend that lasts for several quarters, not just weeks.
📊 2. Volume & Indicators
> Volume Ignition: The 174.74 Million volume is an "Institutional Stamp." It confirms that "Smart Money" is entering to ride the privatization/growth story.
> RSI: Rising in all timeframes. The Monthly RSI crossing 60 is a "Super Bullish" signal, indicating the start of a long-term momentum phase.
🎯 3. Future Scenarios & Key Levels
The stock is now facing its final "Boss Level" resistance.
> 🐂 Bullish Target (The Blue Sky):
- The Hurdle: ₹115 – ₹120. This is a historical pivot. The stock closed right at the edge of this zone.
- The Trigger: A weekly close above ₹120.
- Target 1: ₹135.
- Target 2: ₹147.
> 🛡️ Support (The "Must Hold"):
- Immediate Support: ₹107. The breakout level must now act as a rigid floor (Polarity Principle).
- Stop Loss: A weekly close below ₹100 would imply the breakout was a "Bull Trap."
Conclusion
This is a Grade A Turnaround Setup.
> Refinement: The stock has cleared the Consolidation (107) but is testing the Historical Resistance (115-120).
> Strategy: The volume suggests the resistance at 120 will likely break. Buy on dips to ₹108-110 or wait for a clear close above ₹120 to go full throttle.
The stock has confirmed a breakout from a 2-year consolidation phase (₹67–₹107). This move is supported by the highest weekly volume in months .
📈 1. The Chart Structure (The Box Breakout)
> The Consolidation: ₹67 – ₹107 range. The stock spent nearly 24 months in this zone, absorbing all supply.
> The Breakout: This week's close of ₹114.85 (+13%) is a decisive "Jailbreak."
- Significance: Breaking a 2-year base often leads to a trend that lasts for several quarters, not just weeks.
📊 2. Volume & Indicators
> Volume Ignition: The 174.74 Million volume is an "Institutional Stamp." It confirms that "Smart Money" is entering to ride the privatization/growth story.
> RSI: Rising in all timeframes. The Monthly RSI crossing 60 is a "Super Bullish" signal, indicating the start of a long-term momentum phase.
🎯 3. Future Scenarios & Key Levels
The stock is now facing its final "Boss Level" resistance.
> 🐂 Bullish Target (The Blue Sky):
- The Hurdle: ₹115 – ₹120. This is a historical pivot. The stock closed right at the edge of this zone.
- The Trigger: A weekly close above ₹120.
- Target 1: ₹135.
- Target 2: ₹147.
> 🛡️ Support (The "Must Hold"):
- Immediate Support: ₹107. The breakout level must now act as a rigid floor (Polarity Principle).
- Stop Loss: A weekly close below ₹100 would imply the breakout was a "Bull Trap."
Conclusion
This is a Grade A Turnaround Setup.
> Refinement: The stock has cleared the Consolidation (107) but is testing the Historical Resistance (115-120).
> Strategy: The volume suggests the resistance at 120 will likely break. Buy on dips to ₹108-110 or wait for a clear close above ₹120 to go full throttle.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.