📊 GOKEX – Daily Chart Technical Analysis

1️⃣ Chart Structure The stock has been in a rectangular consolidation between ₹710 (support) and ₹875 (resistance) since early September. Price has now reclaimed the 200-day EMA (₹852) with strength — a trend reversal confirmation signal. The 21 & 50 EMA crossover has already occurred — short-term trend is turning up. 🧱 Pattern Type: Rectangle / Range Breakout 📅 Duration: ~2.5 months 3️⃣ Pattern Target Calculation Height of the range = ₹875 − ₹710 = ₹165 Projected breakout target = ₹875 + ₹165 = ₹1,040–₹1,075 🎯 Target Zone: ₹1,040–₹1,075 (+21–23%) 📉 Stoploss: ₹820 (below 50 EMA / recent swing low) 4️⃣ Volume & Momentum Volume expansion visible on breakout attempts — showing accumulation near resistance. RSI likely around 60–65, still in the early bull zone. Sustained close above ₹875 with follow-through volume can trigger a momentum breakout. 6️⃣ Commentary Gokaldas has retested its base successfully and is now reclaiming the 200 EMA, which historically precedes swing rallies in this counter. A decisive close above ₹875 with follow-up volume (>500k) will confirm fresh trend resumption after a healthy consolidation.