👔 Gokaldas Exports – Approaching Breakout Zone After Strong Base

📊 Technical Analysis The stock has been consolidating between ₹700–₹940 forming a broad rectangle base. Currently testing the upper resistance zone near ₹940, with rising volumes suggesting institutional participation. Elliott Wave structure shows that a Wave 2 corrective pattern is likely complete, setting the stage for a Wave 3 impulsive rally. MACD is showing bullish divergence, strengthening the breakout probability. AVWAP from December 2024 top aligns around ₹880, now acting as support. 💡 Fundamental Strength Gokaldas is among India’s leading apparel exporters, with strong client relationships in the US and EU. Benefiting from China+1 strategy, where global brands diversify sourcing. Improving operating margins, supported by cost efficiencies and scale expansion. Strong order book visibility, aided by global demand for garments and India’s textile policy push. 📌 Conclusion: A sustained close above ₹940 could trigger a rally toward ₹1,150–₹1,200, while support remains around ₹880–₹890.