🚀 Breakout Setup in Mindteck India

🔎 Technical View Resistance Zone: Stock has reclaimed the ₹265–275 zone, which earlier acted as strong supply. Breakout Signal: Current weekly close above ₹270 would confirm a strong breakout after prolonged consolidation. AVWAP Support: Anchored VWAP from prior lows sits near ₹175, acting as a strong long-term support. Volume: Rising volumes indicate institutional interest supporting the move. Targets: Near-term: ₹310–320 Extended: ₹360+ Stop Loss: Weekly close below ₹240. 🔎 Elliott Wave & Indicators Likely in Wave 3 of new upcycle after corrective structure. MACD momentum is strengthening → confirming bullish bias. 🔎 Fundamental Snapshot Mindteck operates in IT services & solutions, benefiting from digital transformation spending. Consistent profitability, lean balance sheet, and stable revenue base. Small-cap with strong re-rating potential as sectoral tailwinds build. 🎯 Strategy & Levels Entry: Sustained move above ₹270. Targets: ₹310 → ₹360. Stop Loss: ₹240 weekly close. 📌 Conclusion: Mindteck is showing a multi-signal bullish breakout with technical and fundamental alignment. A decisive move above ₹270 can open the gates for sharp upside.