(Timeframe: Weekly | Scale: Logarithmic)
The stock has confirmed a major structural breakout, emerging from a 7-month consolidation phase. This move is supported by a "Higher Low" structure, rising volume, and recent analyst optimism.
📈 1. The Structural Context (The Turnaround)
- The Adjustment (Context): It is important to note that the price levels (ATH ~₹144) reflect the 1:2 Bonus Issue that occurred in July 2025. The stock is now recovering from the post-bonus correction.
- The Cycle:
- Peak: ATH of ₹144.66 in Sep 2024.
- Correction: A downtrend lasted until April 2025, finding a base.
- Reversal: Since April, the stock has shifted character, forming a clear series of Higher Lows, indicating steady accumulation.
💥2. The Breakout (This Week's Action)
- The "Lid" (Resistance Zone): The ₹113 – ₹116 zone has acted as a stiff resistance since Nov 2024. Breaking this level is significant.
- The Surge: This week, the stock decisively broke and closed above this zone with a 5.93% surge.
- Volume Confirmation: The move was backed by massive volume of 151.49 Million. Volume has been "drying up" since the ATH, so this sudden volume expansion is a classic "Ignition" signal.
📊 3. Technical Indicators
Indicator analysis shows a synchronized bullish trend:
- EMAs: Short-term EMAs are in a PCO (Price Crossover) state across Monthly and Weekly timeframes, confirming the trend is up.
- RSI: The Relative Strength Index is rising on both timeframes, showing momentum is building.
🎯 4. Future Scenarios & Key Levels
The breakout opens the door for a rally toward the previous highs.
- 🐂 Bullish Targets:
- Target 1: ₹132. This is the immediate technical extension.
- Target 2: ₹145+. If momentum sustains, a retest of the All-Time High is the structural goal. (Note: Some street estimates are as high as ₹162).
- 🛡️ Support (The "Must Hold"):
- Re-test Zone: The ₹113 – ₹116 zone has now flipped to support. A pullback to this level would be a healthy entry opportunity.
- Stop Loss: If the breakout fails (fakeout), the stock may slide to the ₹102 support zone.
Conclusion
This is a high-quality setup. The combination of Higher Lows, a Volume Breakout, and the Bonus Adjustment digestion makes this a strong candidate for a move to ₹132. Watch for a sustained hold above ₹116.
The stock has confirmed a major structural breakout, emerging from a 7-month consolidation phase. This move is supported by a "Higher Low" structure, rising volume, and recent analyst optimism.
📈 1. The Structural Context (The Turnaround)
- The Adjustment (Context): It is important to note that the price levels (ATH ~₹144) reflect the 1:2 Bonus Issue that occurred in July 2025. The stock is now recovering from the post-bonus correction.
- The Cycle:
- Peak: ATH of ₹144.66 in Sep 2024.
- Correction: A downtrend lasted until April 2025, finding a base.
- Reversal: Since April, the stock has shifted character, forming a clear series of Higher Lows, indicating steady accumulation.
💥2. The Breakout (This Week's Action)
- The "Lid" (Resistance Zone): The ₹113 – ₹116 zone has acted as a stiff resistance since Nov 2024. Breaking this level is significant.
- The Surge: This week, the stock decisively broke and closed above this zone with a 5.93% surge.
- Volume Confirmation: The move was backed by massive volume of 151.49 Million. Volume has been "drying up" since the ATH, so this sudden volume expansion is a classic "Ignition" signal.
📊 3. Technical Indicators
Indicator analysis shows a synchronized bullish trend:
- EMAs: Short-term EMAs are in a PCO (Price Crossover) state across Monthly and Weekly timeframes, confirming the trend is up.
- RSI: The Relative Strength Index is rising on both timeframes, showing momentum is building.
🎯 4. Future Scenarios & Key Levels
The breakout opens the door for a rally toward the previous highs.
- 🐂 Bullish Targets:
- Target 1: ₹132. This is the immediate technical extension.
- Target 2: ₹145+. If momentum sustains, a retest of the All-Time High is the structural goal. (Note: Some street estimates are as high as ₹162).
- 🛡️ Support (The "Must Hold"):
- Re-test Zone: The ₹113 – ₹116 zone has now flipped to support. A pullback to this level would be a healthy entry opportunity.
- Stop Loss: If the breakout fails (fakeout), the stock may slide to the ₹102 support zone.
Conclusion
This is a high-quality setup. The combination of Higher Lows, a Volume Breakout, and the Bonus Adjustment digestion makes this a strong candidate for a move to ₹132. Watch for a sustained hold above ₹116.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.