Sona BLW: Sustaining above Weekly Trendline Breakout

has broken out of a multi-year channel on the weekly chart, a level that had capped every rally attempt since 2022. Price is now trading near 819, comfortably above the broken trendline zone around 695–700. Momentum backs the move — weekly RSI is strong near 78.26, reflecting robust buying interest, though a level this stretched can also see brief pauses or profit-taking before the next leg. With the multi-year trendline resistance now flipped to support, 930 comes into view as the next resistance, followed by 1,025. A hold above the breakout zone on a weekly closing basis keeps this structure intact; a slip back below 700 would call for caution. When a trendline that has rejected price for years is finally broken, it often flips from resistance to support — this shift can mark the start of a much bigger move. Disclaimer: This is for educational purposes only and is not investment advice. Please consult your financial advisor before making any investment decisions. SEBI Research Analyst Registration No. INH000025212