Indegene Ltd – Double Bottom Breakout Setup | Reversal in Progress (Daily Chart)

📊 Indegene Ltd – Double Bottom Breakout Setup | Reversal in Progress (Daily Chart) The stock has formed a clear Double Bottom structure near the ₹450–₹460 demand zone and is now attempting a breakout toward neckline resistance. 🔎 Technical Observations: Double Bottom formation (Bottom 1 & Bottom 2 confirmed) Strong demand zone around ₹450 Price reclaiming 20 EMA Downtrend line breakout attempt visible Bollinger Bands starting to expand RSI moving above 55 (bullish shift) Volume expansion near second bottom 🔑 Key Levels to Watch: Immediate Resistance / Neckline: ₹508–₹510 Major Resistance: ₹544–₹562 Immediate Support: ₹487 Major Support: ₹455 📈 Bullish Scenario: Sustained close above ₹510 can trigger momentum towards: ₹544 ₹562 ₹580 (pattern projection target zone) ⚠️ Bearish Scenario: Failure to hold ₹487 may lead to consolidation or retest of ₹455 demand zone. Reversal structure active — confirmation above neckline required. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS