VGUARD

Technicals

,The chart shows a bull channel forming since the March 2025 low, with higher lows and higher highs. Price is currently in a tight bull channel approaching a strong resistance zone near ₹402.70, which has been tested multiple times but not convincingly broken — forming a Double Top (DT) and potential micro wedge at the top. The current price is near the top of the channel, suggesting limited reward for long entries here and an increased risk of pullback. If bulls fail to break above ₹402.70 convincingly, the price may test the trendline or support at ₹365.95, which aligns with prior consolidation and serves as a likely magnet. Volume is not expanding significantly on this rally, indicating a lack of aggressive breakout buying. A breakout above ₹402.70 with follow-through would convert the channel into a possible strong bull trend, but for now, it remains a Buy the Close bull channel, not a Buy the High setup.