The stock is again testing the 149–150 resistance zone and this time the structure underneath looks much stronger. Price was rejected from this level in September but sellers could not create a fresh low. Instead the correction found buyers near the rising trendline around 134–135 and the stock quickly returned to the same resistance. This higher-low structure shows buyers are slowly taking control while supply around 150 is getting absorbed. RSI has also recovered above 60 which supports the improving momentum.
A clean breakout and sustain above 150 can be the trigger for the next expansion. Once this level is cleared traders expecting another rejection can get trapped and there is relatively little structural resistance until the major 170–172 supply zone. That gives the setup roughly 13–14% room from the breakout area before price reaches the previous major highs. If 170–172 eventually gets cleared the structure becomes even stronger. 150 is the trigger now and above it LEAP India can quickly open the path for a double-digit move.
A clean breakout and sustain above 150 can be the trigger for the next expansion. Once this level is cleared traders expecting another rejection can get trapped and there is relatively little structural resistance until the major 170–172 supply zone. That gives the setup roughly 13–14% room from the breakout area before price reaches the previous major highs. If 170–172 eventually gets cleared the structure becomes even stronger. 150 is the trigger now and above it LEAP India can quickly open the path for a double-digit move.
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